We monitor the Buy / Sell zones of the Green Line to determine when the market is likely to turn.
When the Green Line is in the Buy zone (Bullish), or the Sell zone (Bearish), we want to pay attention to this pattern because the market is likely to turn soon.
Length = The number of bars the GL uses. We default this to 4, but 5 also works well too.
Buy Value = The buy zone - Shown as a positive number in settings, but it really is -80 on the charts.
Sell Value = The sell zone - When set to 80 on the charts, the value of the GL would have to be at or above 80.
You can adjust these values. When you adjust them, they will not light up until the indicator reaches these levels or beyond.
We look for the Green Line to get into the buy or sell zones to start to consider fading this pattern.
It is best to follow the trends. In other words, if the market is trending up strongly, then look for the buy zones to be active. Vise versa for sells.
The value you see on Market Pulse is the exact value of the indicator. For example, if you see +76, that means for that chart time frame the GL is at +76.
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
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