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This is an hourly chart of GLD for the past 10 weeks or so. Kind of tongue in cheek, I am calling this a 'Pop Quiz'.
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Using the techniques of trend line breakout of the TSI indicator and divergences between price and the TSI indicator, I have identified 9 buy/sell signals.
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Four signals were the trend line breakout type and five were of the divergence variety (oval shape used). If each that I have identified make sense to you, you are well on your way to using TSI for your own trading/investment decisions. And, you can help me when I am not looking at something correctly - and I will appreciate that!
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Click on the chart to ENLARGE
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Here is the current GDX hourly chart. I identified 7 buy/sell signals using the same two techniques.
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4 were trend line break and 3 were divergences.
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Did each of the 7 make sense to you?
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Click on the chart to ENLARGE
Nov. 23 Weekend report
11 hours ago
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