yes,ok, but this is an repaint indicator.The way that I interperet this indicator is that it signifies the current pressure from either the bulls or the bears.
So when you start seeing red and then thicker red, it's a clear indication that the bears are in control. Likewise for green.
When you see some red and little bit of green on top then there is a battle tacking place...
Best way I can tell to use this indicator is as follow:
- Go short when there are only thick red bars with no green ontop
- Go long when there are only thick green bars and no red on top
Is this right Joy?
Yea it's a small subscription of $29 a month. But I find it very useful, especially considering there is all maner of new funky indicators on there. Plus there are some elite only trading systems that the guys have developed and continually developing / enhancing.
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