PROTECTED SOURCE SCRIPT
[TTI] Ned Davis 3 day Price Thrust Indicator
The NedDavis 3 Day Price Thrust Indicator
HISTORY AND CREDITS–––––––––––––––––––––––––––––––––––––––––––––––––––––––
The indicator is inspired by studies from Ned Davis' NDR Institutional Service. I have shared before the backtest of this indicator, and now have coded it for TradingView so that you can have it on your charts.
Link to idea here:
https://www.tradingview.com/chart/SPX/48NNrxwK-Ned-Davis-3-Day-Price-Thrust/
WHAT IT DOES––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Thrusts occur when the S&P 500 rises at least 1.5% for one day, at least 1.15% for a second day, and at least 1.5% on the third day. The record since 1970 is perfect one year later. However, the prior 18 cases, ending in 1938, only show 11 out of 18 profitable one year later.
HOW TO USE IT–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
I use the indicator as a gauge tool, in other words it is a piece of the puzzle to justify bullish or bearish trades. I put this type of analysis in my secondary tools that give me additional confidence for market direction and aggressiveness in my trading
HISTORY AND CREDITS–––––––––––––––––––––––––––––––––––––––––––––––––––––––
The indicator is inspired by studies from Ned Davis' NDR Institutional Service. I have shared before the backtest of this indicator, and now have coded it for TradingView so that you can have it on your charts.
Link to idea here:
https://www.tradingview.com/chart/SPX/48NNrxwK-Ned-Davis-3-Day-Price-Thrust/
WHAT IT DOES––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Thrusts occur when the S&P 500 rises at least 1.5% for one day, at least 1.15% for a second day, and at least 1.5% on the third day. The record since 1970 is perfect one year later. However, the prior 18 cases, ending in 1938, only show 11 out of 18 profitable one year later.
HOW TO USE IT–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
I use the indicator as a gauge tool, in other words it is a piece of the puzzle to justify bullish or bearish trades. I put this type of analysis in my secondary tools that give me additional confidence for market direction and aggressiveness in my trading
Geschütztes Skript
Dieses Skript wird als Closed-Source veröffentlicht und Sie können es frei verwenden. Sie können es favorisieren, um es auf dem Chart zu verwenden. Sie können den Quellcode nicht einsehen oder verändern.
Möchten Sie dieses Skript auf einem Chart verwenden?
👉 I provide FREE EDUCATION + COURSES here: tintintrading.substack.com/
👉 I share my TRADING everyday here: discord.gg/gTmcqWyWWe
👉 I sell premium indicators here: tradingviewindicators.net
👉 I share my TRADING everyday here: discord.gg/gTmcqWyWWe
👉 I sell premium indicators here: tradingviewindicators.net
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.