This indicator for Tradestation Radarscreen can be used for any product or market you trade; stocks, options, ETF’s or futures. The indicator shows where momentum is building in the market and when the product you are trading is ready for a break out move. It will show you both the direction and strength of the potential move making this a helpful tool to enter trades, determine profit targets, and select trade exits. It can be a helpful guide as a part of your trading decision making or used as a ready-made model trading system.
This indicator is a great tool to quickly scan the markets easily identifying trading opportunities with a simple color coded system. You are also able to sort your watchlist by strength to give you the top bullish and bearish stocks on your watchlist.
In addition to helping you find trades, it will help define strength in the board markets, such as the S&P 500 and the Dow. The indicator can be used to assemble a watch list of trades and can help you help you avoid fake outs or false moves, helping to prevent you from buying the top or selling the bottom of a move.
It can be used to day trade, swing trade, or used for long term investing. This straightforward and powerful indicator has proven its flexibility, and accuracy.