This Panel consists of supporting filters to be used together with the "Short Term Trade Setups" panel.
These filters are described in the the book (Swedish):
"Boken om Gerillatrading" by Johan Hellström, Peter Nilsson, Johnny Torssell
The panel consists of three rows defined as:
Market Trend : 'green' if a positive Market Trend (choose the relevant to you!) Turn Of the Month (TOM) : 'green' for the days between the 24:th and the 3:d of the month Volatility : High-Volatility(yellow), Medium-Vol(orange), Low-Vol(red)
The filters, that can be used independently, will improve the result of the trade signal. According to the book, 'High-Volatility' is the most important followed by 'TOM' and then a positive 'Market Trend'.
NOTE: The Market Filter is a daily MA-365 of the relevant Stock Index, or a MA-200 of the price, choose accordingly!
Release Notes
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Simplified the Market Trend calculation and made it possible to choose Resolution and Time-period used.
Release Notes
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I'm struggling with the Multi-Time-Frame mechanisms when showing the Market Trend indication. Anyway, here is my best shot at it so far.