Found this while looking for other stuff dedicated to forex factory .
RimDicator is a short for "Rimtas Indicator". "Rimtas" in lithuanian language stands for "serious". So, you can refer to this as a "Serious indicator". It is also a nickname of one of traders.lt well known forum poster who likes to scare everyone with major market crash (P3). After some observation i concluded that the more rimtas writes about P3 the more actually prices of stocks go up.
So i came up with idea to track forum posts and make an indicator when to buy stocks and when to sell. It should work like this:
RimDicator is a short for "Rimtas Indicator". "Rimtas" in lithuanian language stands for "serious". So, you can refer to this as a "Serious indicator". It is also a nickname of one of traders.lt well known forum poster who likes to scare everyone with major market crash (P3). After some observation i concluded that the more rimtas writes about P3 the more actually prices of stocks go up.
So i came up with idea to track forum posts and make an indicator when to buy stocks and when to sell. It should work like this:
- if rimtas is not active - sell signal
- if rimtas actively scares everyone with major crash - strong buy signal
The broader idea is to know the mood of the masses and predict the market to go against the masses. RimDicator is here to test this idea.
I treid to make this tool to be more universal, so at the moment it is harvesting lots of posts of many forum users, not just from one person. In the future i am planing to evaluate every post information and mark them as bullish/bearish/neutral, and have extra social-indicator power.
http://jackunas.lt/dev/rimdicator/
Nice out of the box thinking indy!