Bender
Posted: Sun Aug 29, 2010 9:18 am
Hi there guys,
Just wanna show some observations regarding the TROSBA indicator which was developed in light of Signal Bender's brief stint on Kreslik. I think it was gfg that mentioned the correlations to bredin, and I've been giving it a lot of thought since then.
I have noted that there is definitely a powerful relationship between the OBV indicator and the highs and lows as well as the zero value of the TROSBA (which I set to range = 1)
Here I took note of the various highs and lows that the TROSBA(1) drew over time
Next I marked where price (TROSBA) returned to these levels
Then I looked at then the OBV hit (yellow arrow) the same or near same levels and I made note of that, and look at the buy sell confirmations that were made...
Finally I looked at behavioral occurrences (purple arrow) where it hit btw zero & 20/-20 TROSBA. Also where SBA returned to extremes as well as when OBV broke out of the highest level - looking for a higher resistance...
I am still very interested in this whole market bio-rhythmic behavior and from what I can see these two indi's compliment eachother (thx gfg)
Now is there anyway someone could code this into a EA or a semafor to test this?