Typically the average daily range will increase or decrease prior to a major market turn. TMI measures range oscillation in an effort to spot critical turning points. Reversal signals appear when the value of TMI exceeds 80 and peaks or falls below 20 and bottoms. At that point, we take the opposite direction of recent price activity. Entry signals occur infrequently, but are rarely wrong when they do. TMI was developed by Trendsetter Software and is available exclusively in our products.
Note the accuracy of the two TMI signals presented in this daily bar chart
of Coffee futures.
Daily Bar with exclusive TMI indicator created using Personal Hotline from Trendsetter Software.
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