BH Ergodic as a Confirmation Indicator

Below chart, two lines cross trending indicator. A derivative of the Trend Strength Index (TSI).
Variations Abound We’ve talked about “kissing cousins” before.  Those are indicators which are somewhat related but do different things.  We’ve got something along those veins with an indicator that gets its beginnings from the TSI (True Strength Index), an item we looked at this past August.  That being the case, let’s dive into the gene ... Read more

Directional Movement using Hann (DMH) as a Confirmation Indicator

Directional Movememnt using Hann is an improvement on the old DMI (Directional Movement Index). It can be used as both a color change or zero cross for trend identification.
Modernization Modernizing anything is generally accepted as making older…well, better.  Most things around us such as communications, transportation, and industry largely share that notion, although there are a few things which haven’t moved well through time.  We’re going to see if the old Directional Movement Index (DMI) passes muster as something more contemporary. Primus   ... Read more