The ATM Pullback Alert is trend following condition designed to locate substantial setback opportunities within the current trend. The condition is represented by diamonds positioned below a bar for a buy alert and above the bar for a sell alert.
The alert is displayed in two ways:
•Buy alert (Up) = blue diamond below the bar
•Sell alert (Dn) = red diamond above the bar
The color and size of the diamond can be changed in parameters.
Pullback Alert parameters
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Parameter |
Description |
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Display |
Opens sub-window to set parameters: •Color = Diamond color. •Weight = Diamond size. |