Today has been a roller coaster ride in futures ahead of the day session open and even a bit after with a fast dip just post 13:00 on an attempt to sell a lower high.
On the 65minute SPX chart and the 240min ES chart, the indicator at the bottom is called the Lomb Periodogram. It is another cycle detection method. The math is different but operates sort of like a smart stochastic. It is a built-in indicator on my charting software, Wave59.
I have a question (except if it is a secret sauce) to get a better understanding of your charts/Analysis
Of course, when you have time
What represents the blue line (or line) at bottom of your charts ? Any cycles ?
Thanks again for Bonus (Midday)
On the 65minute SPX chart and the 240min ES chart, the indicator at the bottom is called the Lomb Periodogram. It is another cycle detection method. The math is different but operates sort of like a smart stochastic. It is a built-in indicator on my charting software, Wave59.