TradingMarkets Chart of the Day
For today’s Chart of the Day, let’s take a look at the
Long Windows Setups found on the
Indicators
page. 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 1) a 10-period ADX reading of 30 or higher and a +DI reading above
the Ë”