RPM – Ratio of buyers/sellers indicator, shows that traders are attempting to pick bottoms on the EurUsd as price breaks new lows.
The current RPM is 1.18. This indicates there are 1.18 buyers for every seller.
Although this is not a high ratio, the change in the trend is significant.
You can see in the chart below that the EurUsd is making new lows.
The RPM (also known as the herd indicator) has gone from showing a net sell position on April 5th to a net long as traders add to their long positions trying to pick bottoms.
Live herding charts avail here.
http://i260.photobucket.com/albums/i...8D9C/image.png
The current RPM is 1.18. This indicates there are 1.18 buyers for every seller.
Although this is not a high ratio, the change in the trend is significant.
You can see in the chart below that the EurUsd is making new lows.
The RPM (also known as the herd indicator) has gone from showing a net sell position on April 5th to a net long as traders add to their long positions trying to pick bottoms.
Live herding charts avail here.
http://i260.photobucket.com/albums/i...8D9C/image.png