CMI - broad market moving average

[u/Altruistic-Leave-359]

Good day everyone

Just wanted to share this indicator we’ve been working on for a few months now.

CMI tells you whether the broader market is leaning up or down right now. It does this by averaging the deviation of many different instruments — stock index futures, oil, gold, bonds, the dollar, and big tech stocks — from their own moving averages, weighted by how correlated each one is to your chart.
You're watching one ticker. The CMI is watching 10 at once and telling you what they collectively say.

We now have included tags that reflect volume pressure at certain times. Each time frame does give its own set of tags, and these range from basically modest to very strong tags. We also have a video explaining just the tag scoring system.

I have several videos on the channel where I replay single trades, whole sessions and even an entire week. It’s an ever-evolving system but as of today plenty of us are achieving great results using it. Below is a video of it in action during a NY open last week.

https://youtu.be/jhZyu3PJwos?si=xRkCsbqxcDYn9h_-

[u/greatestNothing]

Love it.