The ATM X Alert is an aggressive contra-trend indicator which monitors the ending action of the ATM TSB (Trend Strength Bar) and the ensuing cycle of the ATM FT (Fast Trigger). The condition is represented by a “X” positioned below a bar for a buy alert and above the bar for a sell alert.
This alert has two components:
•Buy alert (Up) = blue X below the bar
•Sell alert (Dn) = red x above the bar
The color and size of the X can be changed in parameters.
X Alert parameters
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Parameter |
Description |
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Display |
Opens sub-window to set parameters: •Color = X color. •Weight = X size. |