how about a graph
of operator activity?
what if we had a chart
which showed us
when the operator is buying
when the operator is selling
and when the operator is simply letting the price drift
without much support to the opposite side?
if only we had a chart
which told us
when the operator was accumulating
and when he was distributing!
the amazing fact is
that such a graph actually exists!
it was right under our nose since ages
but was never looked at from this angle.
yes,
i am talking about
the rsi graph.
amazing and unbelievable as it may sound initially to you
an rsi chart
is not just the momentum indicator
it is the defacto graph
chart of the operator activity.
when the price and rsi are rising together
operator is buying,
when price is rising and the rsi is flat
operator has started distributing
and the general trader momentum has picked,
when the price is still rising
while the rsi has started to fall
the operator is distributing.
and when the price starts to fall
the operator's distribution is at an advanced stage
-the collapse is on the cards.
similar cycle occurs
during downturns.
know the operator movement better
to trade better.
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