A Most Unusual Indicator
The topfinder/bottomfinder (TB-F) is so completely different from anything else in Technical Analysis (TA), both in its structure, use, and interpretation that it's worth taking some time here to understand its uniqueness. One of the basic concepts behind the TB-F is also behind the works of Richard W. Arms Jr. and Steve Woods (discussed in more detail in Chapter 7). However, the entirety of how the TB-F works is truly unlike anything else. For example, there are many indicators in TA that plot curves on a chart. Typically, the indicator has some kind of formula that yields the values of the curve, which the charting software then plots, and then the user goes on to draw conclusions based on how the curve interacts with ...
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