This indicator is to measure the strength of BULL and BEAR.
The formulars are based on Price Change and for period of time.
On top of that, Overbought (OB) and Oversold (OS) signal is included which is based on calculation.
FiFT is come with BoD signal which indicating Potential Buy on Dip setup.
FiFT Pro is further enhance to detect BULL "is about to rally" on Uptrend chart. It is a potential "further buy" signal.
---- HOW TO READ ----
GREEN BAR = BULL is stronger than BEAR
RED BAR = BEAR is stronger than BULL
BLUE BAR = POTENTIAL BoD Signal
BoD (Buy on Dip)
BOD on GREEN (With Star) = Price is oversold, Fast Turtle Buy in environment (Strong Buy)
BOD on RED = Price is oversold, Fast Turtle Buy in environment (Risk Buy/Do not buy/Monitor)
OB (Overbought)= Fast Turtle Sell with OverBought condition.
OB on GREEN = Price is overbought, Fast Turtle Sell in environment (Cautious/Do not sell/Monitor)
OB on RED = Price is overbought, Fast Turtle Sell in environment (Strong Sell)
+ve Sign = Potential activities (Can consider further Buy IF it's uptrend EMA20 > EMA50)
-ve Sign = Potential activities (Can consider take profit/Sell)
Note : Best use with "EMA Indicators with BUY sell Signal" indicator
This release is to give flexibility to traders choose ONLY BoD or SaP alert.
Hence, FiFT Pro will have 4 Alerts.
BULL -BoD/Bull Recharge
BEAR - SaP/Bear Recharge
BULL - BoD Only
BEAR - Sap Only