Chart description
Realized P/L Ratio
🔔 Signal: Realized P/L Ratio (30D-SMA) > 1.0
Realized P/L Ratio breaking, and holding above 1.0 signifies that the market is now realizing a greater proportion of USD denominated profits, than losses. This generally signifies that sellers with unrealized losses have been exhausted, and a healthier inflow of demand exists to absorb profit taking.
Hint: a medium term moving average of 30-days is selected for this metric as it provides a slower, but higher conviction signal that a sustained recovery may be underway.
Indicator Result
This metric will flash 🔵 when this condition is met, indicating that the USD denominated volume of Realized Profits exceeds Realized Losses.
Metrics details