Google site search Follow readtheticker on LindedIn YouTube StockTwits Follow readtheticker on Twitter

Search the content of this page:
Titles Only
Titles and Content

1. Jesse Livermores Secret To Success

2. Home page investor image explanation

3. The great crash 1929

4. Dear NewBie Investor

5. How Wall Street works

6. How to win in the stock market

7. Commandments to follow

8. 10 Rules for Investing

9. How to survive a stock market crash

10. William J ONeil, CANSLIM

11. Barry Ritholtz keep it simple stupid

12. Gerald Loeb how to win

13. Paul Tudor Jones II

14. Felix Zulauf

15. Sir John Templton

16. Warren Buffett

17. Reading the tape

18. Indicators Introduction

19. Richard Ney method

20. Richard Wyckoff method

21. Richard Wyckoff Waves of Price and Volume

22. Richard Wyckoff is a success story

23. Richard Wyckoff logic not working, this maybe why?

24. Richard Wyckoff studied Jesse Livermore

25. Bob Evans, renowned Wyckoff teacher

26. Tim Ord, Secret Science of Price and Volume

27. William Gann method

28. William Gann life story

29. William Gann Law of Vibration

30. Jim Hurst method

31. Wyckoff method improved1

32. Wyckoff method improved2

33. Original Wyckoff and Wyckoff 2.0

34. Wyckoff 2.0 vs Others

35. Wyckoff 2.0 and Volume Spread Analysis

36. Powerful Patterns

37. Elliot Waves

38. Price Action

39. Market Statistics

40. Cycles for short term speculation

41. Stop Loss methods

42. Alpha Stock Scanner

43. Swing Scanner

44. Flash Charts

45. RTT Market Timer

46. RTT Wyckoff Short Term model

47. Chart Drawing Tools

48. Standard Indicators

49. Proprietary Indicators (PI)

50. Multi Time Frame (PI)

51. PI: RTT TrendStatus

52. PI: RTT Squeeze

53. PI: RTT TrendPower OBV

54. PI: RTT On Balance Volume

55. PI: RTT VolumeWave

56. PI: RTT Rainbow Bands

57. PI: RTT Volume

58. PI: RTT MarketPulse

59. PI: RTT Steps of Cause and Effect

60. PI: RTT Wyckoff Strength Weakness

61. PI: RTT Wyckoff Price Waves

62. PI: Proprietary Indicators Caution

63. What we do - 1st

64. What we do - 2nd


Indicator Library
PI: RTT TrendStatus
This is a proprietary indicator, part of the RTT Indicator set.

Important Disclaimer: None of the proprietary indicators give specific signals of BUY and/or SELL prices or signals for investment decisions. They do however bring your attention to price action for further analysis only. Any BUY or SELL decision is purely your own responsibility. Please understand that we find favor with our proprietary tools, but they do not work all the time, nothing is 100% accurate. Please review our terms of use.

The RTT TrendStatus, RTT TrendTick and RTT TrendThrust indicators are based on the same formula, but with different presentations of price action.

RTT TrendStatus
The indicator looks at price by how far it has moved away from its trending mean.

The RTT Trendstatus acts like the standard statistical formula known as the 'Z-Score'. The 'Z Score' can be defined as .."is the number of standard deviations away from the mean a particular observation is".. In excel the formula would be Z Score for cell A1 = (A1-AVERAGE(A1:A100))/STDEV(A1:A100). Of course our RTT TrendStatus is not the same code as the Z Score, the concept maybe, we reduced the noise and added a few other tricks. 

Different colors give measurements of the degree.

vExUp (Dark Blue): Very Extended upwards trend
ExUp (Blue): Extend upwards trend.
Up (Green): Up trend.
Test (Gray): Trend in test mode.
Dwn (Red): Down trend.
ExDwn (Purple): Extended downwards trend.
vExDwn (Dark Purple): Very extended downwards trend.

Changes in color give adequate warning to you when price action requires your close attention. The dotted blue lines highlight when price will begin to test the trend, or as we call it entering the 'trend testing zone'.

Interpretation Points:
1) If the immediate presentation of RTT TrendStatus shows NO RED then the trend is bullish. This is inclusive of the RTT TrendStatus pulling back as far to the lower dotted blue line.
2) If the immediate presentation of RTT TrendStatus shows NO GREEN then the trend is bearish. This is inclusive of the RTT TrendStatus pulling back as far to the upper dotted blue line.
3) Changes in color require your attention to price action.
4) The more infrequent the appearance of an extended color the more likely that the reading is significant.
5) The parameters cannot be changed, thus a truly universal security trend tool.

RTT TrendTick
The indicator looks at the bar by bar change levels of the RTT TrendStatus. Bullish above zero and bearish below zero. We normally wait for at least two bars to change color before we consider a change in price momentum, plus we consider the level of the reading where the change occurs. This tool does show the short term changes in price momentum, however anything short term is volatile and prone to a higher ratio of false readings. favors price action first, short term price momentum indicators second. All indicators, including ours have a lagging effect, price action leads in all cases.

RTT TrendThrust
The indicator measures price change (i.e thrust) in percentage terms while the RTT TrendStatus is trending either up or down. The percentage move of price is an important measure of demand or supply (reference Wyckoff logic). When thrust weakens the market is reluctant to go into new ground, hence other forces are at work. This tool helps with Wyckoff law of 'Effort vs Results.

RTT TrendPower
The above indicators are not volume weighted, use the above with RTT TrendPower to determine how well volume supports price action. They are a very good marriage.

Some Examples of RTT TrendStatus and RTT TrendTick..

Example1: ETF SPY - SP500 Index

Click for popup. Clear your browser cache if image is not showing.
SPY ETF RTTtrendStatus

Example2: ETF SPY - SP500 Index

Click for popup. Clear your browser cache if image is not showing.
RTT Trend Status rtttrendstatus

Example3: ETF UUP - USD Dollar Index

Click for popup. Clear your browser cache if image is not showing.
USD RTTTrendStatus

Example4: ETF TLT - USA 20 yr Long Bond

Click for popup. Clear your browser cache if image is not showing.
Bonds RTTTrendStatus Trend

Example5: ETF XLF - SP500 Financial's

Click for popup. Clear your browser cache if image is not showing.
RTTTrendTick RTT trend tick

Example6: Here is an example of RTT TrendThrust.

Click for popup. Clear your browser cache if image is not showing.
RTT trendthrust

RTTTrendThrust has two options (1) measure percentage price move, or (2) measure cumulative volume. Both are done while the indicator is in either a up or down trend. The up or down trend can also be viewed by the the tick status or the '++++' or '----' shown in the indicator header.

A video with more on RTTTrendThrust

Example7: Also you can compare DAILY and WEEKLY RTTTrendStatus indicators for trend analysis.

Click for popup. Clear your browser cache if image is not showing.
RTTTrendStatus Weekly

Example8: Here is a closer look on how to understand technical signals with the multi time frame RTTTrendStatus.

Click for popup. Clear your browser cache if image is not showing.

... an example below. Of course you can apply similar logic to any multi time frame indicator, it just so happens RTTTrendStatus is excellent for trend confirmation.

Click for popup. Clear your browser cache if image is not showing.
RTT Example2

Of course you can use a wide variety of multi time indicators, here is a quick example.

Click for popup. Clear your browser cache if image is not showing.
Multi Time frame

Via a RTT combination chart you can mix the RTT Trend Status indicator with CFTC COT data (both types of COT data Legacy and modern).

Click for popup. Clear your browser cache if image is not showing.


NOTE: does allow users to load objects and text on charts, however some annotations are by a free third party image tool named

Investing Quote...

..."I was brutal in self-analysis. He told his sons his conclusions: “Successful trading is always an emotional battle for the speculator, not an intelligent battle.”…He knew that his biggest enemy was his own emotions."...

Jesse Livermore

.."No amount of evidence will ever persuade an idiot"..

Mark Twain

.."The key to making money in stocks is not to get scared out of them"

Peter Lynch

.."It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt."..

Mark Twain

Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.

Bruce Kovner

Created on: 5/17/2010 8:19:25 PM   Last Update: 1/7/2020 5:58:18 PM Posted by: RTT
         >> Print or PopOut or Pdf .

We at hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund

Home | Charts & Tutorials | Market Timing | Blog | RTT Tv | Services | Information & FAQ | Contact Us | Sign Up | Logon
Indicator Library | FAQ | Site Search | Symbols Available | Education | Advisors | General Policy | Privacy Policy | Terms Of Use | About Us
Tutorials | Charts Demo | Charts Members | Charts Secured | Mobile Site | Market News | Investment Quotes | World Time .
Public Disclaimer

Follow readtheticker on LindedIn