Cole Trading Method description
A up signal is formed when a stock makes three Rally Days in a row with larger volume on each day
A down signal is formed when a stock makes three Reaction Days in a row with larger volume on each day
Inside and Outside Days are ignored
Cole Trading Method Indicator development description/* Cole Trading Method measures two independent signals: day status
(Rally, Reaction, Inside, Outside) and volume,
therefore two independent sub-indicators have been implemented:
ColeDay - counts number of days in a row when Rally (positive)
or
Reaction (negative)
ColeVolume - counts number of days with higher volume, always
positive
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