Support & Resistance levels , and moving averages are just meaningless lines on the chart.

@themickey there is a moving average that describes sentiment, the VWAP. When people sell above VWAP it means sentiment becoming bearish, if they sell even below it it means fear. Opposite of your own indicator it works well intradays but never saw it work in swingtrading

 

Yup, it's only designed for intraday.

 

VWAP works even on a yearly basis. Which is one of the ways some funds use it.

 

Thanks for the insight.

 

%%
MAYBE ;
WO'N won a lot +helped a lot win.............................................[IBD founding father]
Y= yes.

 

Mickey... is this really it? Is this what was so secret that you were only gonna tell one member who would swear not to reveal it?

I honestly can't comment because I have never looked at it, so I wouldn't even know how to read it or use it.

 

The takeaway here is not WHAT it is (secret or no secret), but HOW to use it beyond the canned approach. I agree with Mickey that the way indicators are being taught and used is pretty useless.

 

So can you comment on what the purpose is of this 1 MA that is shifted over? I honestly can't figure out what its supposed to tell me.

 

Bing Chat has a few suggestions.

 

LOL... Well done! It does certainly provide an excellent overview.