Oscillator TrendLine Break AMA Video
Overview:
The ARC_OscTrendlineBreak indicator is an automatic trendline tool that identifies key momentum shifts which can lead to significant reversals in price. Trendlines are applied to a momentum oscillator and signals are generated when there is a break of the Trendline. Signals are displayed directly on the Signal bar so you know when and where to take a trade. The Software provides a great deal of flexibility to control how signals are derived and a variety of signal filters allow for customization to each market. There are four different oscillators to choose from, making this a powerful tool for locating and trading momentum reversal signals.Purpose:
Traders need the Oscillator Trendline Break software because momentum is easy to misinterpret. Oscillators typically display false reversals and it is difficult to know when to act and when to wait. It is much more effective to have a tool which quantifies and parameterizes the process of translating momentum patterns into specific trade signals. With this signal generator, traders can simply focus on trading rather than wasting time on a multitude of momentum studies and second guessing their trading strategies.Elements:
- Trendline Break reversals of momentum oscillators
- Variable Swing Strength Zigzags to fit any style of trading
- Customizable Buffer Zone to reduce false signals
- Zigzag Midline Filter
- OBOS Filter
- Oscillator Range Filter for Trendline Breaks
- Four different oscillators to choose from
- Supports any bartype or timeframe
- User Interface Dropdown menu for easy parameter adjustments
Functions:
The Oscillator Trendline Break software is best designed to focus on one market at a time and identify the settings which provide quality signals over time. Then as you begin trading with the signals, it is easy to make use of the various signal filters to fine tune performance even further. After one market is mastered, then you can expand to other markets. The end result is better quality trades because momentum shifts can be clearly displayed in the form of Signal Markers right on the chart.Problem Solved with Oscillator Trendline Break:
- Stops traders from second guessing momentum shifts
- Stops traders from wasting time interpreting conflicting momentum patterns
- Stops traders from missing out on significant momentum shifts
- Stops traders from taking trades at the wrong time and place
- Stops traders from trading when they should wait for better conditions
- Stops traders from letting indecision reduce their profitability
- Stops traders from chasing the market
- Stops traders from cutting their winners short
