Indicator identifies potential price trend exhaustion.
Compares this period against the 4th prior period for the condition.
9 periods (or more) with the same condition is an indicator that the trend is ending soon.
Composed by :
- Stochastic (14,3,3)
- Stochastic RSI (14,14,3,3)
- Stochastic RSI (6,6,3,3)
- Stochastic DMI (10, 3)
This is best used in conjunction with:
- Bullinger's band
- Dynamic support and resistance
We expect the following conditions:
- when all the stoch are overbought or overbought, they operate against the trend (backwards)
- When Bollinger bands...