ATM 2 Bar Alert (atm2Bar)

The ATM alerts appears when price closes two bars in the opposite direction of the ATM Trigger – FT (Fast Trigger) line.  When the ATM FT is going up, one should expect price to move up to sideways.  During this condition, price closes can alternate from up closes to down closes, but the expected behavior is mostly higher closes.  Therefore, when two closes in the opposite direction of the FT appear, one should question whether price has sufficient momentum to continue higher.

This alert has two components:

•      Buy alert (Up) = blue circle, top half shaded, below the bar

•      Sell alert (Dn) = red circle, bottom half shaded, above the bar

Circle color and size can be changed in parameters.

2 Bar Alert parameters