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Friday, May 12, 2023 9:29:32 AM
Circled a couple cooldown indicators below:
Bottom left is VolumeZoneOscillator which tries to measure how far off equilibrium buyers or sellers are willing to trade. Buyers backed off and there's some added sell pressure.
Second from bottom right is CCI which measures price direction. It's not perfect by itself but if it agrees with other indicators it can sometimes tell us something. The interpretation is crossover from outside the top band indicates likely continuing downward price movement.
Bottom right is AwesomeOscillator which sort of measures the lifespan of an uptrend or downtrend. This is descending red but it's curving up a little, so it's ambiguous. But generally speaking it's suggesting we're past the highest energy point of the run. (Unless a whole new section of strong green appears, which happens occasionally - and if it does this'll be ripping.)
![](http://i.ibb.co/92VY7wk/enzc-quick-indicators.png)
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