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Monthly Returns: Daily timeframe

2 630
Use This indicator on the daily timeframe
The 30-day rolling returns can be used to gauge market strength and assess over/underheated price action.

Values between 0% and -30% are typical negative returns during consolidation periods of relatively low volatility.
Values below -50% often occur at cyclical bottoms, and may represent value buying areas.
Values over 50% represent de-risking zones and are often met with profit-taking.
Values over 70% are historically high and represent a high potential for a macro reversal.
This indicator is also used to detect local top and local battom
Coined By
Permabull Niño
Notes de version
Time frame was fixed daily

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