This is a continuation of our study of non-correlated technical studies that can be used to forecast momentum in TLT. This is the Lazy Man TradeStation system for TLT. Its a spin off of the 3 Finger Lead system that I have posted on extensively.
A simple trend follower, the Lazy Man looks at the momentum in SPY, QQQ and XIV ( VIX inverse ETF) and when those 3 ETFs reach threshold overbought levels the system buys TLT. The same argument is applied to the short side for TLT....threshold oversold on the SPY, QQQ and XIV triggers a Sell on TLT.
The dotted white lines tracking price action are the PSAR parabolics, a confirming momentum indicator that can be found on virtually every trading platform.