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I think it's very useful. If there are a lot of grey bars then the market is probably in congestion. If there are a lot of colored bars then it is cycling nicely.
If you have used Sharkfin(2) this is very similar, mine will color dojis grey.
Look at the sample chart and see where you think you could enter a trade.
Here they come my templates and charts with the indicator lists. You will notice I have kept JeffsDots as I like the blue/red hash on the yellow (neutral) line.
My trillion thanks to Jeff again for his prompt support/guidance.
beth what do you have your s/r set on? i usally keep mine on 8 or 10 i looked at yours and it looks like its set on more,its important to have it set just right...sharky
I'm embarrassed to tell you that I do not know the S/R setting (per enclosed). Since using it for the KwikPop charts for a few weeks, I notice it does not work all the time (depend on the data I get from IB). I always have the S/R numbers handy (which I tabulate manually the night before based on High, Low and Close of the day).
I do not have a chance to monitor it on the AYN charts yet. I will remove it if it does not serve me any good. Thanks.
I will remove it if it does not serve me any good. Thanks.