Hey guys, Just wondering where to find current readings of the hindenburg omen. Studying crashes from the past to see if its an indicator worth keeping. But cant find it on stockcharts, freestockscharts or yahoo. it is a chart indicator right? Thanks everyone!
There's a formula for it, but I don't think you'll find it on any free charting sites. The formula varies a bit depending who you ask: http://www.investopedia.com/terms/h/hindenburgomen.asp http://markostake.blogspot.com/2010/08/hindenburg-omen-all-over-financial.html While some claim that it always happens before major market crashes, the indicator also gives off many false alarms. Unless someone can design an objective, profitable trading system with it (or at least a filter for going long), I don't see any use for it.
Yeah, but... âThere are a million ways to make money in the markets. The irony is that they are all very difficult to find.â â Jack D. Schwager I'm guessing you're new at this.
Thanks. not too keen on it but just wanted to see what it looked like. I prefer patterns as they are based on human psychology and John F Carter strategies. Like gaps and the"Squeeze" which is indicator based but has set rules. Lots of plans work. You just have to practice and get good at it. Like playing a new video game for the first time learning to get good at chess. Your going to suck for a while. Thats what paper trading is for
If it helps. 52 weeks high and lows for NYSE. Also the highs and lows with 12-day MA applied. You may scroll in history them back to 1997