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Markets alternate phases of trend and phases where they evolve inside a range. This signal detects the periods where the market is in a range. Once a range has been detected, the signal will indicate when the market breaks out of the range.
|Category||: Trend resumption or trend reversal|
|Components||: Horizontal range and breakout|
|Time frame(s)||: All|
|Usable for buy signals||: Yes|
|Usable for short sell signals||: Yes|
The example below illustrates how this signal works :
The trader can choose the direction of the signal (with the trend, against the trend or both). He can also indicate during which periods he wishes to see signals and how he will be notified :
|Direction||Whatever the trend.
With the trend.
Against the trend.
|StartTime||Start of the period of activation of the signals (e.g.: 900 for 9 a.m.)|
|EndTime||End of the period of activation of the signals (e.g.: 1845 for 18.45 p.m.)|
|MessageBox||A message will appear on your screen when a signal is given.|
|PlaySound||Plays a sound when a signal is given.|
|SendEmail||Sends an e-mail when a signal is given.|
The signals depend on the trader's choice of parameters.
Here are a few examples :
This trader chose "Whatever the trend". He will receive a signal when the market breaks out above or below the range. This example shows a short sell signal. This can be the beginning of a trend reversal.
This trader ticked "Go Long". Doing so, he indicates that he is only interested in buy signals.