NewCycleTrading

NCTA Trend Bias

Trend Bias

The NCTA Trend Bias indicator is designed to show traders the overall directional bias of the market. It is excellent in short 1, 3, and 5 minute timeframes for futures traders and short term options traders. Longer timeframes such as the 5, 10, and 30 minute timeframes work well for options traders.

This indicator is used by displaying it twice on the chart. For 1, 3, and 5 minute charts, one of the Trend Bias indicators is set at Fast and the other is set at Medium.

For 30 min or higher charts, one Trend Bias Indicator is set at Medium and the other one is set at Slow.

The indicator consists of three trend lines ; a fast signal, a medium signal, and a slow signal. There is a possible trade entry when the fast signal crosses either the medium and/or slow signals.

HOW TO USE: The most effective way to use this indicator is to have it displayed twice, using the settings described above for the relevant chart timeframe.

When both indicators show the fast line (blue line) crossing above the medium (red) or the slow (green) line, it implies an opportunity to go long or buy a call. When both indicators show the fast line crossing below the medium and/or slow line, it implies an opportunity to go short or buy a put.

The Trend Bias Indicator also provides a powerful directional bias entry when used in alignment with the Awesome Oscillator . Green AO aligned with a long Trend Bias entry or red AO aligned with a short Trend Bias entry.

For information on gaining access to this indicator, please see the link below in our signature field.

RTYZ2019

NASDAQ:AMZN
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact NewCycleTrading for more information, or follow the author's instructions below.

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