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 shifting common developed by our firm.
The indicators consists of three traces and a pair of sorts of indicators.
Indicator Overview
The indicator mainly pinpoints reversals and pullbacks, by discovering areas the place the worth steps outdoors 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 worth crosses above the higher band , the indicator will let you understand by plotting a yellow rectangle above the bar. This yellow rectangle merely tells you to prepare a reversal or pullback is likely to be close to. When the worth crosses again below the higher band right here the indicator actually begins to work. It analyzes the situations of the worth 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 buy individually ) to additional enhance its choice. When the indicator decides that the pullback or reversal is sweet, a purple rectangle will likely be plotted above the bar.
This indicator has been construct and again examined by our greatest consultants, and it really works nice! Yet you need to use you data and understating of the market so as to make an knowledgeable choice when a sign ( Red Rectangle ) seems.
Below are a couple 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 worth strikes above the Upper band, after which the purple rectangle tells you a pullback or reversal is about to begin.
For NinjaTraders customers – identical idea, we use orange and pink dots:
DELL 60 Min Chart. A pleasant lengthy sign. It is really useful to shut part of the place when the worth crosses the center of the channel.
GBPUSD 60 Min Chart. A pleasant quick sign which resulted in a transfer of a couple of 100pips. We suggest you slowly path your cease because the commerce progresses and shut part of you commerce as the worth 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 effectively, and is never damaged.
@ES 60 Min Chart. You can see how nice this indicator works on sideways shifting market. Notice that the pivot factors simply earlier than the indicators, held up rather well.
Key Features:
Works Great in a Trending Market
Adjustable parameters for risky markets
Pinpoints pullbacks and reversals with Great accuracy