TradingMarkets Chart of the Day
For today’s Chart of the Day, let’s take a look at the
Short Windows Candidates list published each day on the
Indicators
page. These are stocks which are in a strong downtrend, as determined by a
proprietary trend filter and whose current bar has its lows above the 4-day
moving average. Historically, these stock on average have had a larger than
normal short-term downside reversals.
In order for us to have a sell signal, the 10-period ADX must
be 30 or higher and the Ë”