New indicator?

Discussion in 'Technical Analysis' started by lojze, Jun 16, 2003.

  1. lojze


    I am looking for a new (???) indicator showing divergence between upticks and downticks (just actual trades).

    Is this really a new indicator or I simply don't know that there is one already available?

    I want to check, if this indicator would give me quick indication that something is going on with quick movement of the stock. Am I right or not?

  2. Nothing better than MACD to identify the movement of the trend, use it with some other indicator for strength and always check if the price provided has a good support. I recommend the Vortex indicator, it is great for option traders.
  3. People have been into the idea of trade imbalance as a technical indicator for a long time. Different chart packages have their versions of uptick/downtick indicators. Sierracharts has several of them.

    In my thinking, a minimum number of trades are required before an indication has enough factual basis to be "real" so your idea of "quick" and my idea might be different.