trendspotter is the line of red dots overlayed on the price graph
- two dots (one above another) means hold.
- A dot below the price means buy (in theory)
- and a dot above the price means sell (in theory)
It appears as though the dots are lined up based on previous data. similar to bollinger or donchanian.
When it is marked as hold and the price punches through the upper line of dots it then becomes a buy signal. Otherwise if it falls below the lower line it becomes a sell signal
If it is currently in a sell signal and the price rises above the trendspotter dots it becomes a hold signal.
And if is currently in a buy signal and falls below the trendspotter dots it becomes a hold.
Of course if I was to break this down i would apply it as a market scanner to see those which have transitioned from hold to buy or hold to sell and vice versa.
I'm also aware of the fact i could easily use a web crawler to find these events. but i just want to know if anyone has put any thought to the programming behind it... there might be something useful in there...
