Market Exhaustion Indicators
Indicators in this class are an attempt to detemine when market moves are exhausted to one side or the other. They are not really an attempt to pick tops or bottoms. Rather they are providing information that the market is taking a breather. Whether the market will continue in its direction or reverse after the pause can only be determined by looking at other factors, such as the kind of day indicated by the Market Intenals, and whether the market is at a price that is indicated as support or resistance by other indicators.
Often, these kinds of indicators also act as Support/Resistance Indicators, but there are other indicators in this class that cannot really be classified as Support/Resistance Indicators.
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