DIG Smart Points (Apr 2013)
Sale Page : protradingindicators
Files of Product : http://imgur.com/a/mfgxF
DIG Smart Points : marks key turning factors, pullbacks & bounces
Supported Platforms: TradeStation, MultiCharts, MT4, NinjaTrader
Market: All (Stock, Futures, Forex, Options)
Time Frame: Tick, Minute, Daily, Weekly
Trading Style: Swing, Bounce, Pullbacks
What is the DIG Smart Points Indicator
The sensible factors indicator was constructed that can assist you acknowledge key turning factors, pullbacks and bounces. The calculations are primarily based on a novel transferring common developed by our firm.
The indicators consists of three strains and a pair of varieties of indicators.
The indicator principally pinpoints reversals and pullbacks, by discovering areas the place the value steps exterior of the Indicators Bands after which turns again in.
It works Well in a Trending market .
It works Great in a Sideways market.
Specifics – Short Trade Example
As quickly as the value crosses above the higher band , the indicator will let by plotting a yellow rectangle above the bar. This yellow rectangle merely tells you to prepare a reversal or pullback may be close to. When the value crosses again below the higher band right here the indicator actually begins to work. It analyzes the situations of the value motion so as to determine climate the pullback is sweet, it makes use of the DIG_CCI ( our model of the Commodity Channel Index, which you should purchase individually ) to additional enhance its resolution. When the indicator decides that the pullback or reversal is sweet, a crimson rectangle might be plotted above the bar.
This indicator has been construct and again examined by our greatest specialists, and it really works nice! Yet it’s best to use you data and understating of the market so as to make an knowledgeable resolution when a sign ( Red Rectangle ) seems.
Below are a number of examples of sensible level indicators. The indicator works on all time frames [Minutes, Days, Weekly], now we have discovered it to work greatest with a 15 and 60 minutes chart.
AMZN 15 Min Chart. Notice how the yellow rectangles are drawn when the value strikes above the Upper band, after which the crimson rectangle tells you a pullback or reversal is about to begin.
For NinjaTraders customers – similar idea, we use orange and pink dots:
DELL 60 Min Chart. A pleasant lengthy sign. It is advisable to shut part of the place when the value crosses the center of the channel.
GBPUSD 60 Min Chart. A pleasant brief sign which resulted in a transfer of a few 100pips. We suggest you slowly path your cease because the commerce progresses and shut part of you commerce as the value crosses the center band.
An preliminary cease could also be positioned simply above the excessive pivot level earlier than the sign. This excessive pivot, tends to carry properly, and is never damaged.
@ES 60 Min Chart. You can see how nice this indicator works on sideways transferring market. Notice that the pivot factors simply earlier than the indicators, held up rather well.
Works Great in a Trending Market
Adjustable parameters for risky markets
Pinpoints pullbacks and reversals with Great accuracy