Replies to post #36695 on Profunds index and sector trading (PRO)

[Namiar]

Its an indicator that I created and calculate daily (well lately I sometimes don't update daily).

However it is not so difficult in concept that others do not use similar tools.

A ratio of Nasdaq Up volume vs Down volume. 5 day weighted moving average. Most recent days get the highest weighting.

When it gets above or below key thresholds, the idea is to average into positions, as opposed to going all in at once.