Rocnroll indicator
Posted: 16 Sep 2015 17:43
RocnRoll Interpretation:
The RocnRoll uses operations based on a Roc (rate of change) and exponential moving averages of different periods to generate bullish and bearish signals.
If the RocnRoll goes to 1 and stays at 1, the indicator gives a bullish signal (green histogram)If the RocnRoll becomes 2 and stays at 2, the indicator gives a bearish signal (red histogram)If the RocnRoll goes to -1 the indicator gives a signal to exit the market and stay out for the moment (blue histogram) until another bullish or bearish signal is given.
The RocnRoll uses operations based on a Roc (rate of change) and exponential moving averages of different periods to generate bullish and bearish signals.
If the RocnRoll goes to 1 and stays at 1, the indicator gives a bullish signal (green histogram)If the RocnRoll becomes 2 and stays at 2, the indicator gives a bearish signal (red histogram)If the RocnRoll goes to -1 the indicator gives a signal to exit the market and stay out for the moment (blue histogram) until another bullish or bearish signal is given.