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Using it - think of the coloured bands as levels of support in a trend. We are in an uptrend on the last pic with price testing support on the lower bands. As price retraces through the other bands, the trend is weakening. A new bearish trend is falling into place as price retraces below the last band, and the coloured bands have reversed.
Load up a longer time frame like daily and you'll see the visual effect more clearly
Last edited by don.gading; 12-18-2005 at 10:40 AM.
I have to admit this is one of the most interesting things I have seen in a good long while. Not much catches my eye or interest. You got me on this one.
Is this a system? And if so what are the indicators?
Linux Troll: Thank you so much for your input. Very nice chart.
Just wondering though about those dots.
You can´t actually trade cause they are always adjusting.
Have you tried Ablesys dots or anything, any dots which you can actually trade with.
Linear Mode
