The Value Line Composite Index is an Equity Index comprising 1,700 companies
from the NYSE, ASE, Nasdaq, Toronto Exchange, and OTC markets.
It is a Geometric Composite Index that is equal-weighted, uses a geometric average,
and has a daily change closest to the median stock price change. It is preferable to
the Value Line Arithmetic Index as it does not rebalance the end of every Trading
Session.
Similar to the NYSE Comp, but more highly correlated to the S&P500 with a better
balance and equal weighting.
It has provided an excellent signal as to when the S&P500 is about to correct.
________________________________________________________________________
I have been watching the Divergences build on the Weekly and Dialy timeframe, they
are approaching the tipping point whereby we will see the ES sustain an outsized corrective
move as soon a 1B Completes.
from the NYSE, ASE, Nasdaq, Toronto Exchange, and OTC markets.
It is a Geometric Composite Index that is equal-weighted, uses a geometric average,
and has a daily change closest to the median stock price change. It is preferable to
the Value Line Arithmetic Index as it does not rebalance the end of every Trading
Session.
Similar to the NYSE Comp, but more highly correlated to the S&P500 with a better
balance and equal weighting.
It has provided an excellent signal as to when the S&P500 is about to correct.
________________________________________________________________________
I have been watching the Divergences build on the Weekly and Dialy timeframe, they
are approaching the tipping point whereby we will see the ES sustain an outsized corrective
move as soon a 1B Completes.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.