crazy technical indicators you never knew existed
technical indicators are mathematical patterns and formula that are calculated from past market price and data to predict future market movement, as the trading /investment community continues to grow there are a lot of trading indicators and tools that traders use, invent and discover, but here are some of the weird, uncommon and unconventional technical indicators used by traders/investors of different market kinds :
1. THE CARDBOARD BOX INDICATOR
this indicator is used to forecast consumer goods production as the more output of cardboard boxes the more the economy is indicating growth because practically everything packaged and packed comes in boxes, this also shows factories and companies are operating and producing goods at a larger scale and upward economic activity. this indicator was famously used by the 13th chairman of the Federal Reserve, Alan Greenspan.
2. THE LIPSTICK INDICATOR -
this indicator is due to a theory that there is a direct correlation between cosmetic sales and economic strength, that when in uncertain times when the market is in a bear phase women tend to buy cosmetic items and ditch expensive wear and luxury items like fur coats, dresses and purses. this was realized by Leonard Lauder because in times of recessions consumer spending drops but his cosmetic sales increased.
3. THE SUPERBOWL INDICATOR -
this indicator forecasts the stock market performance based on who wins the super bowl (super bowl is the annual league championship game of the National Football League in America). when the NFC (National Football Conference) wins, the following year the market goes up and if the AFC (American Football Conference) wins, the following year there is going to be a decline in the market.
4. MOON PHASE INDICATOR -
this indicator is a result of the belief that lunar cycles can impact markets and even traders/investors due to their gravitational implications on them. it is believed that a new moon represents prosperity and stocks and financial assets perform better during this time.
please do comment on the weird, crazy technical indicators you have come across on your trading journey.
put together by : Pako Phutietsile ( @currencynerd )
1. THE CARDBOARD BOX INDICATOR
this indicator is used to forecast consumer goods production as the more output of cardboard boxes the more the economy is indicating growth because practically everything packaged and packed comes in boxes, this also shows factories and companies are operating and producing goods at a larger scale and upward economic activity. this indicator was famously used by the 13th chairman of the Federal Reserve, Alan Greenspan.
2. THE LIPSTICK INDICATOR -
this indicator is due to a theory that there is a direct correlation between cosmetic sales and economic strength, that when in uncertain times when the market is in a bear phase women tend to buy cosmetic items and ditch expensive wear and luxury items like fur coats, dresses and purses. this was realized by Leonard Lauder because in times of recessions consumer spending drops but his cosmetic sales increased.
3. THE SUPERBOWL INDICATOR -
this indicator forecasts the stock market performance based on who wins the super bowl (super bowl is the annual league championship game of the National Football League in America). when the NFC (National Football Conference) wins, the following year the market goes up and if the AFC (American Football Conference) wins, the following year there is going to be a decline in the market.
4. MOON PHASE INDICATOR -
this indicator is a result of the belief that lunar cycles can impact markets and even traders/investors due to their gravitational implications on them. it is believed that a new moon represents prosperity and stocks and financial assets perform better during this time.
please do comment on the weird, crazy technical indicators you have come across on your trading journey.
put together by : Pako Phutietsile ( @currencynerd )
Comment:
*TITLE EDIT : “crazy technical & market indicators you never knew existed” this is because the idea contains the mention of not only technical indicators
Comment:
currencynerd at your service, I did more research on uncommon trading indicators and found more that you can find more about. This is a trading community after all and sharing of knowledge is very essential to the growth of this platform and members. here they are: The Big Mac index, sports illustrated cover model indicator and the Wall Street job indicator. That’s all thank you.
