maybe I should just explain that this was not a completed thought just something that came up on the spur of the moment when in the chatroom lastnight. but it maybe something i will have to look into a bit further, it may have a usel as a way to point out areas that have potential as far as looking to run standard swing trades into long term position trades. i'll let you know in a couple of years, it will take that long to see any results.
Re long term using an oscillator - CCI / Stochs /RSI etc. Yes I incorporate them into on eof my strats using non standard setting. On a monthly you can be 100-300 pips out quite easily - but if you incorporate with other frames and other indicators in your tool kit - you can put a "picture" together.
Here's a plain monthly GU chart with one I use - but i do incorporate it with Bollinger ( tight setting ) and linears etc
You dont bother with mid ranges - you look for extremes
Hope this might help - have a great July
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