A versatile volume analysis indicator which eliminates distortion from extreme volume spikes and identifies different degrees of volume intensity by displaying standard deviations of an average volume. Includes color-coded volume divergence analysis as well. Please click here for PDF documentation on this tool.
It is common knowledge among traders that price will frequently find support and resistance at previous swing highs and lows. Price will often retest recent swing highs and lows. That is why many traders use these pivot points as entry and exit targets in their trading, and why we have created this ‘must have’ indicator. Although the premise of the tool is simple, to draw horizontal lines at pivot highs and lows, the Arps Support and Resistance Indicator maintains the high caliber of user-friendliness associated with all of Jan Arps’ technical analysis tools.
The Arps Automatic Trendline Signals tool automatically identifies and draws a down-trendline from the most recent peak to the next highest peak and projects it to the current bar; and it does the same for up-trendlines as well. It uses the highs and lows to identify the peaks and troughs which define these trendlines. If the price crosses below the up-trendline or above the down-trendline then a break-out dot is plotted at the trendline value of that bar marked by a “BO”. Please click here for pdf documentation about this tool.
For owners of the Pullback 23 charting tool, the Pullback 23 scanning tool is offered here on a standalone basis. The scanning tool allows you to scan any large symbol list of your choice for recent Pullback23 signals and then go directly to the chart to view the signal with the charting indicator.