How I use CTM - Chande Trend Meter to buy and sell sharesRule that I follow using CTM: simple and effective.
CTM - Chande Trend Meter
Rule of buying and selling:
Look at both daily and weekly charts.
When to buy : When CTM on "daily" chart is around 10 and at the same time on "weekly" chart CTM is around 20 or less. We are in a very oversold conditions.
I also look to see if MACD is on daily chart is turning positive.