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SPX ATR14 indicator

2 937
This indicator works well on SPX 500

Needs to be inverted so Red is at the bottom

Levels of pullbacks are used to determine trend .

Pullback to the Green zone normal Bull Market

Pullback to the Brown Zone are warning of potential Bear Market , but if it holds , just a deeper correction within a Bull Market

Pullbacks into the Red , Bear Market .

In Bear , wait until indicator is forming a reversal trend up and price should make a divergence by either making a new low or retesting previous low.

The Blue MA is the 33 MA and can be used as a form of stop trend indicator on the cross below the MA

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.