Thursday 14 March 2019

Wyckoff Price Thrust Measure

Richard Wyckoff said in his last days as an educator,'follow the waves'.
image1 And an important measure of those waves is the 'thrust'. The thrust of price into new ground, considering price and volume support or lack of it. The price wave thrust is clear visual presentation of the composite man demand or supply characteristics: strong, mild, weak or confused. 

readtheticker.com favored trend tool named RTTTrendStatus sister indicator RTTTrendThrust shows off Wykcoff measure of price thrust. RTTTrendThrust can be used to assist mechanical trading systems (like lower time frame Stochastic(10,3,3) on higher time frame Stochastic(10,3,3)).

A video to explain in more detail. 




Here are the demo charts in the video

Wyckoff Thrust



A wider view


Wyckoff thrust apple



Original Post: https://ift.tt/2TAPPXn

No comments:

Post a Comment