STI - Short Term Bullish
Top Chart - "Strong Trend Signal Indicator"
Red candle = Buy signal
Dark blue candle = Riding the bull trend ( hold on to the positions on hand )
Yellow candle = Sell signal
Light blue candle = Staying out of the market
As seen, a red candle has surfaced from the STI today giving a fresh buy signal
Bottom Chart - "Trend Expert Indicator"
Purple color line = mid-term bullish trend
Green candles = short-term bearish
Red candles = short-term bullish
As seen, the trend line is purple color ( mid-term bullish ) and the candle has just turned red ( short term bullish ).
Note: The candles in the bottom chart are called "Dow Candles". They are modified from the ordinary candlesticks.
Labels: Market Direction
posted by Market Wizards @ October 02, 2012
