Gold price rebounds on early January 2016 from its bottom.
Similarly, ABX also rebounds around the same period.
Prior to that, ABX had been moving in the sideway market for certain periods, as shown in the chart below.
In side way market, the price action only able to hit 1-month High or Low several times. Despite breaking the 1-month High, the stock did not rally much.
The first breakthrough came on 7 January 2016 (point #1) with the following indications on S-Trader.
1) Price broke above the S-Trader Pivot Resistance
2) Price action hits 3-month High.
3) S-Trader Volumetric recorded relatively High volume action.
4) S-Trader Smart Money Index showed the Big Boys (Smart Money) supporting the price breakout.
However, the price action did not move any much further.
In fact, the price pullback but supported by S-Trader Pivot Support. At the same time, smart money still in the market supporting it (as shown by S-Trader Smart Money Index - green bar).
On 25 January 2016 (point #2), once again the price made another breakout with the similar indications on S-Trader but this time it hits 6-month High.
Chart Source :
1) goldprice.org
2) Metastock
Under Metastock's Expert Advisor, there is an interesting trading system which caught my attention. The trading system is known as "Profitunity - Bill Williams".
An example chart with Profitunity - Bill Williams trading system.
Notice those arrows on the chart which indicates the Fractals.
For more details on Fractals, click on the link below.
A Trader's Guide to Using Fractals
A quick glance on the fractal points, one could identify the tops and bottoms of the price movements. However, using the original Fractals presentation on metastock could make the task of analysis challenging for some users.
To make it more presentable, I have developed a custom indicators called "S-Trader Pivot Support" and "S-Trader Pivot Resistance".
An example chart with S-Trader Pivot Support and Resistance.
Basically, the S-Trader Pivot Support and Resistance indicators connect all the top and bottom Fractals accordingly forming sort of price movement channels.
With it, we could use it to identify price break out.
Chart Source :
1) Metastock
When traders/investors place their money on stocks/indices/commodities, their main concern is whether they are on the right side of the market.
If we are able to address the following questions, it will be a great advantageous to the retail traders/investors where they could ride along with the smart money's wave.
1) Who are the smart money ?
2) When are they investing ?
3) Where are they investing ?
With that in mind, I have developed a custom indicator called "S-Trader Smart Money Index".
An example chart :
Chart Source :
1) Metastock
Here I shall introduce a new S-Trader custom indicator called "S-Trader Volumetric".
Extracted from Investopedia website.
"Volume is an important indicator in technical analysis as it is used to measure the relative worth of a market move. If the markets make a strong price movement, then the strength of that movement depends on the volume for that period. The higher the volume during the price move, the more significant the move."
An example chart of Barrick Gold Corp (NYSE : ABX).
From the chart, we can observe those price action that made 3/6/9/12-month High followed with strong volume. (As highlighted by Blue Colour Arrow).
However, it can be quite challenging for some untrained eye to use raw volume to make judegement whether it is average, high or very high/ultra high volume.
S-Trader Volumetric is developed to overcome that matter.
Please take note that the Volumetric is a supplement indicator to the existing Volume indicator and not a replacement.
An example chart is shown below with S-Trader Volumetric.
The table below illustrates the Volumetric representation.
Notice that its much easy for the users to interpret the relative volume using Volumetric. All those volume indicated earlier by the arrow can be shown as High relative volume rather than a subjective expression (such as strong or higher volume).
Chart Source :
1) Metastock
In the previous posting, I have introduced 2 new custom indicators to complement the 52-week High Low.
I will provide some brief notes on these new custom indicators on values representation.
An example chart of Barrick Gold Corp (NYSE : ABX) with S-Trader Multi Month High Low.
The table below illustrates the Multi Month values representation.
Here is another example chart of Shanghai Composite with S-Trader Multi Year High Low.
The Multi Year values representation as shown in the table below.
Chart Source :
1) Metastock
