The hardest question to answer in trading is "should I be in this trade"
With the help of Arbitrage Level, We can answer that question on whatever time frame you would like to trade.
How it works:
Just like a carpentry level, we want to know when there is more momentum up or down. So using momentum indicator (our red line) we can not only measure how fast it's moving but also in what direction.
So if the red line crosses over the dotted green line a new up trend should be beginning. If it crosses under it's time to go to cash.
Enjoy!
Release Notes
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Added Alerts for Positive and Negative Bias
Release Notes
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Updated Typo in Alert syntax
Release Notes
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Alerts were polar opposite of intended play direction!
Sorry about that!
Release Notes
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Minor Changes
Defaults set.
Merry Christmas and Happy Holidays, Your Arbitrage Trade Team
Hi Aiguru, it looks pretty interesting, would you please grant the access to test it. Thanks,
ClaudysonAngervil
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Hi Aiguru, Could you please kindly grant me access. Thanks
crowleykirk
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Hmmmm.... be interesting in combination with other indicators. Love to see it plotted with support and resistance of course.
Love to try it out and see what we can come up with. I mostly trade options, monthly and weekly. Thank you,
Kirk
gatarayihajp
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Please, May I have access ? thx so much
APDTrader
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Hi, I'd love to try this out, please. Thanks so much.
pakuko
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Hi! Looks interesting. Could you please provide access to test it? Thanks
Thanks,