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Can someone explain how to use this UltraTrend, it seems to closely match the RSI as to when to buy/sell? Also, what are the significance of the visualization numbers by default signify?
On UT_FAST
I use it on 15 min chart. Trade on a cross for 10-15 pip targets.
Green crosses up? It's a buy. Red crosses up, it's a sell.
If you want to be daring, you can use the levels indicated. If green passes under 27 and red goes above 4, it's a short etc..
Be sure to use other filtering such as a stochastic and trendlines to confirm the positions. I find it works best on g/u, e/u, usd/chf. JPY crosses can be a bit iffy and often the indicator can fake and draw knots particularly in the US session so take care with those.
It seems to work ok on Gold, Silver, Oil and Mini-Dow but I'm not finished demoing it there yet.
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