Wednesday, March 25, 2009
Upgraded DBC(DeadBeatChart)
Alright! Now is the time to get technical. I've added some indicator's to the DeadBeatChart to help us out. A couple of oscillating indicators along with a trend indicator. The slow stochastic indicator set at 20,20 along with the StochRSI set at 14 provide short term over bought or over sold indications of the market. The ADX set at 14 along with the moving averages tells us the overall trend of the market. The weakening of the downtrend has been evident with the falling ADX. I tend to keep an eye on the +DI and the -DI crossovers along with the direction of the ADX to confirm a change in direction for the market. Thanks for stopping by to see what old RedDirt is up to! Good luck with all your trades.
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