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Main Channel Live Indicator
Posted: Wed Oct 22, 2008 8:40 am
by Trader Question
Anything else i could be leaning on please?
Cannot figure out a use for the main channel live indicator, any suggestions please?
BC
Re: Main Channel Live Indicator
Posted: Wed Oct 22, 2008 8:43 am
by pldot
Classic use of the main channel is "dot swinging," no?
Use in LTP to show set up for next bar shift in direction, of course works in HTP as well.
It will mirror and confirm other such short-term momentum shifts in flow.
Re: Main Channel Live Indicator
Posted: Wed Oct 22, 2008 8:44 am
by Trader Question
Thank you for that Ted...the dot swinging idea.
I see when the 1-1 crosses the main channel live (MCL), that it really does give a very good test of momentum ...is this the dot (1-1) that you speak of?
BC
Re: Main Channel Live Indicator
Posted: Wed Oct 22, 2008 8:45 am
by pldot
O was thinking of .... dot swinging as in lesson 10. But, you know, with momentum, ... these lines and dots all serve the same function and any two can, when tested against each other as the market shifts... measure momentum. It's just a question of measuring the difference and watching for the change...