Unique swing trading signals and stock market commentary.
The visual really helps.What I'm curious about is how you decided on ten bars. Is it the result of backtesting or some other methodology?
It comes directly from something I read years ago from Investopedia. Using SPY rather than the Naz was a modification I made after backtesting. http://www.investopedia.com/articles/technical/04/031004.asp
thank for detail explanation. I was using last 10days high and low to determine market health. it is pretty much close to yours.