Dynamic Trading Bars
New Offer! A No Payment Unconditional 14 Day FREE Trial..... (please see below) Dynamic Trading Colour Coded Bars is a study of support and resistance that highlight the major turning points during a trading day. The study works on cash and futures markets and is a powerful trading tool that can be combined with other studies, such as volume and stochastics.
For many years Day Traders have been looking at coloured bars which are green for ‘up’ bars and red for ‘down’ bars. Dynamic Trading Bars has developed a system whereby the Trader now uses a sequence of six colours which range from red, purple, yellow, black, blue to green. .The reason for the sequence of colours is to indicate to a trader more detailed information about the direction the market is going, and therefore enable him/her to make a more informed trading decision.
The colour coding highlight works as follows:
- Oversold (green) and Overbought (red) areas.
- Divergence (when colors are out of sequence).
- Momentum (when colors move from the top range to a lower range, in a narrow points spread).
.
Red
Red bars indicate overbought areas. An overbought area is where the ‘Bulls’ and the ‘Bears’ are fighting for control of the market and a change in direction is likely to take place. Within these areas the bars are also numbered from 1 to 4. Number 1 being the weakest and number 4 the strongest, thus indicating that the red bar with the number 4 is the most likely place for a change of direction.
.
Purple Yellow Black Blue
Purple yellow black and blue indicate the direction of the market - whether it is a strong ‘up’ day, ‘down’ day or ‘sideways’ day. The main function these colours are to indicate to the Trader that when these colours go out of the default sequence, there is a divergence occurring. For example: - if you have a green bar to the left, with a blue or black bar to the right (which is lower in price) this is the formation of the divergence.
.
Green.
Green bars indicate oversold areas. An oversold area is (like the ‘red’ area) where the ‘Bulls’ and the ‘Bears’ are fighting for control of the market and a change in direction is likely to take place. Within these areas the bars are also numbered from 1 to 4. Number 1 being the weakest and number 4 the strongest, thus indicating that the green bar with the number 4 is the most likely place for a change of direction.
.
Momentum
During the trading day, the colour coded system will often show - for example:- a movement from red to green bars, or even green to red, taking place over a short time frame and a narrow points spread. This usually indicates an imminent change in direction of the Market.
.
Pivot Points
Pivot Points have been around for a number of years and most Traders will agree that they play an important part in highlighting support and resistance during a Trading Day. Pivot Points are simply calculated from yesterday’s high, low and close. The red dotted lines are the areas above and below all major Pivot Points, which act as support and resistance (where the market is likely to change direction), during the trading day.
.
Having all of the above information on one screen eliminates the need to look at multiple studies.
.
In Conclusion
Dynamic Trading Bars Colour Coding System is an invaluable tool will give Day Traders a more complete and transparent picture of what is taking place in the Trading Market - in other words - ‘they can see what is going on behind the curtains‘!
.
As a result, Dynamic Trading Bars moves day trading to a level never seen before.
When you purchase the product you are actually buying either a study for eSignal or Tradestation. You will also receive 1 hour of one to one coaching on the use of the product and ongoing support by e-mail or Skype.
.
If you have any questions about this product (or about a No Payment Unconditional 14 Day FREE Trial) please e-mail the developer direct at robottrader@comcast.net
.
In accordance with the standard DTB 30 day money-back guarantee policy, if you request a refund within 30 days of your purchase, you will receive a money back refund guarantee minus a US$50 support fee.
|
