TradingMarkets chart of the day
For today’s Chart of the Day, let’s take a look at the
Long Windows Setups from the
Indicators
page to see if we can find any good-looking charts. These are stocks which
are in a strong uptrend, as determined by a proprietary trend filter and whose
current bar has its highs below the 4-day moving average. Historically, these
stock on average have had a larger than normal short-term upside reversals. In
order for us to be a buyer of a “TradingWindow,” we must have a 10-period ADX
reading of 30 or higher and a +DI reading above the Ë”