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The Smooth Chart Spread combines the Cycle Trader's Smooth Minute chart with the Alpha Last Price Line indicator.
Smooth Charts are a moving average of the Open, High, Low and Last Price.
We found that if the last price line is above the Smooth Chart's current bar, the market is considered bullish.
Meaning, on average, the current price is above all the rest, market up!
You would never see this without Cycle Trader's Smooth Charts and the Last Line Indicator.
The reverse is a bearish look when the last price is below the current bar(s).
Load a Smooth Minute chart from Data Series.
The Smooth Minute chart will be in the drop-down menu.
Show High/Low - This will show the range if you want to see the range. The range resets when the time frame starts a new bar.
The key is to see if, on average, the LAST PRICE LINE is above or below the entire previous bar's averages.
We do this to just look at the last price chart line.
We also change the color of the Line on Close.
We also set the width = 3 to see the line better.
This chart shows the Alpha Last Price Line Indicator above the chart's Line On Close chart.
This is considered bullish.
Same chart above, but not Line on Close type.
Market Pulse will show these defaulted values above on up to 15 different time frames in the first left column. It may be one of the best trend filters available which is why we made it first on the list.
How does it plot?
Market Pulse plots red if negative and green if positive.
The yellow background color represents that the spread is equal to or less than 1 point on either side of the zero last price line.
There is a setting for the yellow background color on Market Pulse.
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Cycle Trader Pro is a complete trading software company that has created many custom indicators that show momentum and cycle reversals better than most others. We build custom auto order entry and exit applications, and auto trade system strategies.
The overall purpose of the Cycle Trader has been to continue to create trading indicators to show market momentum & reversals better than most other indicators. To create trading models to help traders understand what pattern the market may be in at the time to help them make the best choice in direction at the time.
We have designed trading apps to help traders save money entering and exiting positions. The goal was to make the trading apps automatically handle orders after entry. This way, you our traders could concentrate more on the direction of the markets than placing orders all the time. Then we added value for each trade from start to finish displaying personal trade data. The trade data with the CycleTraderPro apps is data one would not expect from others apps.
We run all the indicators, charts, Go Fish Pro and the Auto Entry on NinjaTrader
We offer just the indicators on MetaStock, TradeStation, MetaTrader and MultiCharts
Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.