What is interesting about what you are saying is that charts are for those that believe that markets are imperfect. If markets were perfect... charts would be meaningless, by definition.

Yet you believe markets are "rigged"? That is somewhat incongruous, don't you think?

As for your approach, it is just another method of evaluating perceived market imperfection. And what you are proposing to be true is massive market imperfection.

So do you believe the markets are imperfect or not?

btw...I agree that all markets are somewhat imperfect. The OTC is a cesspool... I own only TSX and NYSE stocks, with a few TSX Venture and NASDAQ. I own one pink sheet stock, for very specific reasons. It "follows" a Macau (HK Exchange) casino stock. To buy it would have cost a small fortune in fees.