readtheticker.com is primarily a Richard Wyckoff logic site, however through our research into Wyckoff logic the three indicators below make us very lazy in applying Richard Wyckoff logic.Why? Because if these indicators look handsome together then it most likely the Wyckoff logic is working very well.
These three indicators are NOT a trading system, but they do help with finding excellent well support accumulated stocks that show Mr Market is supporting them. Of course when indicators look ugly they will show stocks in a breakdown, thus less support by Mr Market.
RTT Steps
If the large market plays are accumulating the stock then they will control the range of BID and ASK and not let the stock get to volatile. On down swings they will halt the sell off by adding more demand, and on spikes up they will add supply to slow the advance so that can accumulate more stock float, and when the stock does advance it will do so in a very controlled tight range manner.
Stocks that have a good RTT Steps profile can be found via RTT Swing Scanner (PnF version) RTTTrendPowerOBV
Volume weighted momentum oscillator. Buy at -15 is best, Zero Ok, +15 if stock is very strong but with care. Very good health trend indicator.
Stocks that have a good RTTTrendPowerOBV can be found via RTT Swing Scanner (both versions). RTTOBV (Flat EMA 30 to 50)
Supports the RTTTrendPowerOBV. This tool is strongly influenced how price weighted by volume finishes with the close near either the high or low of the day. If close is high on the bar with good volume indicator moves up more so, if close low on the bar with good volume the indicator moves down more so. A good bullish market has more higher closes with good volume than not. That is healthy.A very weak market has lots of low closes on heavy volume. That is not health.
Video on the subject
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
"Every movement in the market is the result of a natural law and of a Cause which exists long before the Effect takes place and can be determined years in advance. The future is but a repetition of the past, as the Bible plainly states." ~ William D Gann
"Don't try to buy at the bottom and sell at the top. It can't be done except by liars." ~ Bernard Baruch
"In the short run, the market is a voting machine, but in the long run it is a weighing machine." ~ Benjamin Graham
"Because of the extreme challenge, one must commit full attention to it." Market speculation is "no different than trying to be a successful doctor or lawyer ... you simply must devote yourself full-time to the study of your craft." ~ Bernard Baruch
"October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." ~ Mark Twain