Quote:
Originally Posted by adrazz
So at what percentage would you take a trade? 60% upwards?
I am quite interested in this indicator but would like to know some trading results before I purchase it.
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This tool is essentialy a confirmation that the trend is becoming strong. Of course, never wait the 100% is shown! But higher than let say 50%, you can consider the trend is going that way ... higher than 70% it is a strong one.
Results are not easy to determine and show exactly. As i said, it's a tool (not an indy) which can't be backtested. In my personal live trading, i use it as a confirmation not as unique trigger.
In my opinion, in addition to the global % value, the Indice Strength at 0/1 or 8/9 is a very good indication of the strong trend.
Hope that helps.
FerruFx