As I have always maintained, ETfs of averages give better and faster signals than do the actual average-there are reasons but I'll not address them now. To understand 3C is to understand the simple concept of divergence, the indicator should make higher highs and lows with a rising trend in price, when it fails to do do, we have a negative divergence which indicates distribution/selling. It is the same for downtrends, a falling price with a 3C profile making higher lows indicates accumulation/buying.
I use many different timeframes and several different formulas of the indicator to get multiple independent confirmations. Here are a few of the major averages and their negative divergences.
As you can see, this is an extraordinary indicator in that it is one of very few that have predictive power. I wrote this indicator using TeleChart's Custom indicator feature, but I have it available for StockFinder as well.
I am an affiliate for both as they are both Worden products. I feel this indicator can help anyone whether a day trader or long term investor. If you'd like to try it, click on the links below and tell them that Trade Guild sent you, then email me and I will send you the instructions so that you can start using this powerful indicator as well. We may not know what smart money knows, but they move the market and this indicator helps you identify when they are accumulating or distributing. Intraday data is the best as it allows you to more accurately pinpoint the time of reversal.
Just click the links below and tell them that Trade Guild sent you. I'm more than happy to share this indicator, hopefully it will help you grab some of their money.
Don't forget to get your 4 FREE video seminars with today's top traders-no strings attached. Probably 6 hours worth of information for the top traders in the world on nearly any subject you can imagine in their cast library.
4 Free Videos from Today's Top Traders-Hundreds Available