Market Engine Indicator
Market Engine Indicator is designed for trading on the right side of the fence. Jesse Livemore "There is only one side to stock market; and it is not the bull side or the bear side, but the right side" Market engine is a technical indicator that Shows momentum in histogram and negative momentum line. - upside : momentum histogram > negative momentum (red)-line - downside : momentum histogram < negative momentum (red)-line green histogram - more buyers ( watch out trap long when downside condition) red histogram - more sellers ( watch out trap short when upside condition) When market is extending , M.E. informs user with Blue cloud (no short) or Red cloud (no long) Market Engine is simplified indicator and suitable for day trade, swing trade and investing. Market Engine combines Dynamic Trend Channels to provide another level of the market on three main factors of trading, Location , Price Action , and Sentiment . A top-down approach for day trade involv...