Vegas channel, there should be many people who know this indicator. Today I will share a little trick based on the Vegas channel, which can quickly judge the rise, fall and shock.
The Vegas channel in the picture below probably needs no introduction. The usage of using the Vegas channel to judge the trend is also well known.
But in my opinion, the two moving averages of 144 and 169 are not enough, because the strength of the trend and the direction of price rise and fall are not particularly clear.
On this basis, we add two more lines to make another tunnel. One cycle is 288 and the other cycle is 338. These two lines are indicated in red.
You can feel through these two pictures, is it easier to use than the previous one?
These two tunnels can play a very good guiding role in price and trend direction. You can go to review or go to the real-time trend to verify, and you can find that these two tunnels have a supporting and resisting effect on the trend and a promoting effect on the trend in many cases.
Briefly talk about usage:
The tunnel with periods of 144 and 169 is called Tunnel No. 1, and its fluctuation speed is relatively fast; the tunnel with periods of 288 and 338 is defined as Tunnel No. 2.
When Tunnel 1 is above Tunnel 2 and both tunnels are running upwards, the market is in a rally.
On the contrary, when there is a dead cross in the two tunnels, that is, when the No. 1 tunnel passes through the No. 2 tunnel, and then runs in a downward sloping manner, the market is in a downward trend.
So when will the market be volatile? When the two tunnels are intertwined and level, this is often the time when the shock market is about to come.
Through the above methods, you can quickly distinguish the rise and fall of the market, and the stability is better. Those who are interested can try it.
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