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BarryShooshooga

The Adam Khoo Magic

BarryShooshooga Updated   
Trend Analysis horizontal
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trendanalysis horizontal
Totally inspired by Adam Khoo's analogy

This is meant for the monthly bar:

Where you try to find the highest point of the average recession/correction time to the bottom:
average correction time to bottom: 4.2months
average bear market time to bottom: 13months (default)

Plot/Fill chart with the 4 tranches recommended:
-8%, -15%, -21% and -35% to gauge entry point
Release Notes:
Changed that hardcoded timeframe to follow the dynamic highlength
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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