IndicatorsIntermediate
Bull market support band
A band made of two weekly averages: the 20-week simple and the 21-week exponential moving average.
- What it means
- In a bull market, dips often stop at the band; weekly closes below it often mean the trend has turned.
- What to watch
- Weekly closes, not daily wicks: daily dips below the band are usually noise.
- How Compass-Alpha uses it
- Background only; not used in any figure on Compass-Alpha.
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