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Saturday, November 12, 2011

Technical Analysis Chart >>> DJIA DAILY 12 NOV 2011

Williams PRO-Go Indicator
This indicator calculates two lines a "Public" line and the "Professional" line. The "Public" line is calculated by using the moving average of the candle's change from previous close to open. The "Professional" line is the moving average of the change from current open to current close.
This study is used usually for historical charts, and the rule of thumb is - if the Professional line goes below the Public line it is a sell signal, and if Professional line goes above the Public line it is a buy signal.
HAPPY WEEKEND 

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