I hope this isn't a violation, but I have a free trading service I'd like to share with everyone here. Basically it monitors forex and index futures markets for activity AND trends. I've been successfully using it to help with my daytrading.
Instead of relying on the published regular trading hours (RTH) for activity, TradeScalper.com measures the activity of the market makers in their moving of bid and offer prices, then identifies market activity as Busy or Quiet. Since trends only continue during busy markets, this indicator will keep you out of thin choppy markets.
TradeScalper.com also monitors multiple timeframes for alignment, to identifiy market direction as Choppy or Trending. The results are summarized in one simple table, to save you from having to scan multiple charts repeatedly.
Knowing what time to trade is 90% of the battle. Because if you can stay out of choppy markets, your ability to catch trends will rise dramatically.
Instead of relying on the published regular trading hours (RTH) for activity, TradeScalper.com measures the activity of the market makers in their moving of bid and offer prices, then identifies market activity as Busy or Quiet. Since trends only continue during busy markets, this indicator will keep you out of thin choppy markets.
TradeScalper.com also monitors multiple timeframes for alignment, to identifiy market direction as Choppy or Trending. The results are summarized in one simple table, to save you from having to scan multiple charts repeatedly.
Knowing what time to trade is 90% of the battle. Because if you can stay out of choppy markets, your ability to catch trends will rise dramatically.
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