Designed to help identify qualified pullbacks to a set of moving averages. Includes a signal-dot indicator for charting applications and a scanning indicator for spreadsheet analysis (TS RadarScreen, eSignal Watchlist, MultiCharts Scanner) and for scanning operations. Spreadsheet analysis includes how many bars since the qualified pullback ( zero is the most recent completed bar), percent change since the signal, and indications whether the pullback was to a fast or slow moving average.
Arps Moving Average Pullback Charting and Scanning Set
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The Arps Trender Pullback Scanning Tool is the scanning version of the Arps Trender Pullback study. In the charting format, the Arps Trender Pullback study will identify price bars that penetrate but do not close outside of the Arps Trender. In the scanning version, color-coded cells display the number of bars since the last Trender Pullback signal, along with the direction of the established trend. It will also display how much the price has changed in the direction of the signal since the signal occurred.
Please Note: This is a “standalone” scanning tool for those who already have the Trender Pullback charting version and either the Arps Trender or Triple Trender.
This tool works on volume and tick based charts to show how rapidly traders are engaging in the market. This speedometer includes a ‘limiter’ which works like a compressor to help smooth out the average speed when extreme spikes occur which would otherwise skew the indicator. Please click here for more information on 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.