Designed to help identify qualified pullbacks to a set of moving averages. Uses three user-defined averages to identify and qualify the pullback opportunities. Shows separate signals for pullbacks to fast and slow moving averages.
Successful traders are constantly looking for the opportune points of entry into the markets, and pullbacks in a trend often present ideal opportunities to get into a trade before it gains or regains too much momentum. These are the opportunities the TT6 PULLBACK 23 is looking for.
The Arps Flag Pattern tools highlight bull and bear flag patterns that will help you to find potentially profitable breakouts from trend pullback formations. User inputs allow you to control the characteristics of the type of flag you want to identify.
The Arps Triple Trender tool gives you the power to Trade with the Trend in the equivalent of three different time frames: long, intermediate, and short. The Triple Trender consists of a short-term Trender, a medium-term Trender, and a long-term Trender, all running on the chart at the same time. The user should enter a position only when the short, medium and long-term trends are all in agreement.
RADAR 1TM is a histogram which compares the relationship between price changes and volume changes to measure the ratio of buying strength to selling strength. This tells us whether the Bulls or the Bears are in control at any particular point in time. It is an excellent oscillator for divergence analysis and for identifying trend persistence, and works in real time on charts in any time frame, either intrabar or end-of-bar.
When an oscillator valley is shallower than its predecessor while the price corresponding to the most recent oscillator valley is lower than the price corresponding to the previous oscillator valley, a “normal” diverging condition has occurred which generally signals an imminent price reversal to the upside.