Traffic Lights
Order Flow Made Easy
Traffic Lights
We and many of our customers have found that our algos work great as reversal signals, especially when combined with other analyses such as:
- S/R levels on a higher time frame chart (e.g. 1 minute, 5 minute, 15 minute, etc)
- Moving averages
- Trend channels
Traffic lights is a new feature which further simplifies trading by printing a green traffic light whenever one of our algos fires off. This makes order flow trading even easier than before. One (quite literally) could just look for green lights at old swing highs and lows.
After you have updated, they can be turned on by going to your indicator settings, scroll down until you see "Traffic Lights" and tick "Show Traffic Lights". You can also tick "Hide Triggering Algo" which is recommended to keep your charts as simple as possible.
You can choose which algos you want the Traffic Lights to use. E.G. If you tick “Trapped Traders” and “Surge”, a traffic
light will print whenever there are trapped traders or whenever there is a buying or selling surge. Obviously the more algos you tick, the more traffic lights will show on your chart.
Lastly, as is recommend with all our algos, don’t trade them blindly, choose where you strike! Using S/R levels on a higher time frame, moving averages or trend channels will increase your winning percentages more than anything else.
Please see our X page where we'll also be sharing our thoughts and examples on the best ways to use this new feature.
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Financial Disclosure: Trading Futures, options on futures and retail off-exchange foreign currency transactions involves a substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. The lower the day trade margin, the higher the leverage and riskier the trade. Leverage can work for you as well as against you; it magnifies gains as well as losses.
Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations. No representation is being made that any account or indicator will or is likely to achieve profits or losses similar to those shown. There are sharp differences between hypothetical performance results and the actual results achieved by any particular trading program or indicator. Hypothetical trading does not involve any financial risk, and no hypothetical trading results can account for the impact of the financial risk of actual live trading. One of the limitations of hypothetical performance results is that they are often prepared with the benefit of hindsight. There are numerous other factors related to the markets in general. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown on this website. Past performance of indicators or methodology is not necessarily indicative of future results.