Over the past several weeks I have been doing some mad-scientist work with a Buy/Sell trigger signal on the $COMPQ using the Nasdaq Advance-Decline Volume index. You can see this Index here. Since June 2012, there have been 14 triggers total using the system I built. Here is a current breakdown:
- 5 Long triggers
- 9 Short triggers
- The current trigger is a Short entry on 12/11/2012
I also track the $COMPQ with a price Peak/Valley data set to compare against the Nasdaq ADV and this has led to only 2 weak triggers (both on the Peak side). Ironically, there have been the same # of Peaks as there has been Valley points on the Daily chart (10 each) for Price.