Keep in mind that the ratio can never reach 2.
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Green line is month’s high, red is its low.
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Here’s a normalized version (between 0 and 1).
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Deleted previous update. Here’s a better version. Found something else interesting... press play then slowly start scrolling chart out of view to the left. Pay attention to the %. It’s decreasing towards 0% and only increases at dips.
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Was looking for other ways to clear out the ‘noise’ to find a good sell indicator. This looks promising.
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Spx-adjusted in Fib channel indicating an impending dump.
