OPEN-SOURCE SCRIPT
Market Direction Model (developed by Dr. K.)
Market Direction Model (by Chris Kacher as known as: Dr. K.)
(Recommended to be used on Nasdaq Composite Index IXIC or S&P500)
- Follow-Through Day (FTD): Gain >= 2% on higher volume between day 4 and 7 of a rally attempt.
- Distribution Day (DD): Down >= 0.2% on higher volume.
- Sell Signal: When price breaks the low of the 5th distribution day within the last 20 days.
- Market Phases: Accumulation, Markup, Distribution, Markdown with corresponding trading posture.
Never forget: You - only you are responsible for your Trading decisions!
(I built this how I understand the rules of the Dr. K. model - I don´t claim that there are no mistakes)
If you are interested in more Information about Dr. K. and his work:
virtueofselfishinvesting.com
(Recommended to be used on Nasdaq Composite Index IXIC or S&P500)
- Follow-Through Day (FTD): Gain >= 2% on higher volume between day 4 and 7 of a rally attempt.
- Distribution Day (DD): Down >= 0.2% on higher volume.
- Sell Signal: When price breaks the low of the 5th distribution day within the last 20 days.
- Market Phases: Accumulation, Markup, Distribution, Markdown with corresponding trading posture.
Never forget: You - only you are responsible for your Trading decisions!
(I built this how I understand the rules of the Dr. K. model - I don´t claim that there are no mistakes)
If you are interested in more Information about Dr. K. and his work:
virtueofselfishinvesting.com
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。