The SuperThree is a comprehensive technical indicator designed to identify and visualize market trends and counter-trend momentum in trading. It uses a unique color-coding system to represent different market conditions and potential trading opportunities. Uptrend (Green Fill) : This is indicated by a green fill. An uptrend is a period where prices are...
Hey there! 🌟 This is the first in a series of three indicators, primarily intended for my students, but everyone is welcome here. Let’s break it down: 🔴 Stop Loss Numbers: These represent the levels for your initial and trailing stop losses. 💙 Average True Range (ATR): Our favorite indicator for measuring market volatility and the basis of our stop loss...
🌟 Welcome to the second in our series of three indicators! While originally designed for my students, everyone is invited to join. Let’s dive into the details: 🔴 Stop Loss Numbers: These levels remain crucial for managing risk. They represent both your initial and trailing stop losses. 💙 Modified Average True Range (MATR): Unlike the traditional ATR, MATR is...
🌟Hello, traders! Let’s jump into the final chapter of our three-indicator series. So, why we discuss this seemingly unnecessary indicator, offers no additional features; in fact, it provides fewer items? See, when our primary trading asset is indices, we want a clear, distraction-free environment to maintain focus. Now, about this last indicator: 🔴 Stop Loss...
This indicator detects the trend for you and keeps you out of choppy markets. It does not give you a signal, rather it tells you for what kind of signals to look for on the top right of the screen: "Only Longs" or "Only Shorts" If there is no trend or if a trend is overextended (overbought, oversold) it tells you: "No trade allowed" The indicator does this by...
what is "Trend Oscillator"? it is an indicator for determining the trend. what it does? analyzes the price action by reducing it to 4 different situations. Red means strong bear, orange means bearish, yellow means weak bull and green means strong bull. It was developed to help traders who trade in the direction of the trend and its biggest promise is to simplify...
The HiLo Activator was created by W.D. Gann and I was surprised to not see more of his technical indicators on here. I will start adding more of his indicators on here if I get more interest. This is the original version of the indicator that performs like a trailing stop that also works well as a trend line. Buy when the line turns green and sell when it turns...
The Trend Persistence Rate Indicator was created by Richard Poster (Stocks and Commodities Feb 2021 pg 12) and this indicator is a good trend strength indicator similar to ADX. A good strategy with this indicator according to the author is to combine this with a moving average crossover strategy and a volatility indicator. Buy when the price crosses over the...