Indicator Showdown- L1000X vs. L1000X Scalp Detection vs. RSI
Scalp Detection refers to the added feature of measuring momentum by how high/low the candles have gone over/under close.
Really up to you whether you like Smoothed or want more scalping signals but you will need to know how to trade the Scalp version whilst Smoothed is more straightforward .
Red Below White= Swingunder
Red above White= Swingover
Red bounce off white= Bounce (continuation)
Indicator sideways while price falls/rises- Consistent momentum
Indicator rising/falling while price falls/rises= Tapering Momentum
For Scalp Indicator:
V shape= Rally = Sell your scalp position and go in the opposite direction
Cheers!
L1000X Labs
Really up to you whether you like Smoothed or want more scalping signals but you will need to know how to trade the Scalp version whilst Smoothed is more straightforward .
Red Below White= Swingunder
Red above White= Swingover
Red bounce off white= Bounce (continuation)
Indicator sideways while price falls/rises- Consistent momentum
Indicator rising/falling while price falls/rises= Tapering Momentum
For Scalp Indicator:
V shape= Rally = Sell your scalp position and go in the opposite direction
Cheers!
L1000X Labs
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