A great trader once wrote than finding the bar count of a move could fortell when a market might have reached its climax.
I was wondering if such an indicator existed whereby one could calculate how many up bars in a given period had occurred or how many down bars etc.
If once applied this in a similar fashion as an ATR, you could probably get some very interesting counts going.
Just a thought.
I was wondering if such an indicator existed whereby one could calculate how many up bars in a given period had occurred or how many down bars etc.
If once applied this in a similar fashion as an ATR, you could probably get some very interesting counts going.
Just a thought.
