Thursday, July 22, 2010

Advanced Strength or Weakness Indicator in Action

This chart shows a great example of our Advanced SOW indicator (included with SMART) on the EUR/USD H1 chart. Our Advanced Strength or Weakness (SOW) module measures supply and demand vs. strength and weakness automatically and places indicators (the square icons) on the screen for when these dynamics change. When you have both demand and strength indicated on the same candle, and strength in the background it is a very strong buying signal and you can see the results below.



(SOW places the square icons on the chart and is included with our system, you can get more information on SMART Trader Volume Spread Analysis Software at the link below)

Please keep in mind SMART Trader itself is painting these bars which makes these patterns and setups much easier to spot and act on.

Also trade setups are verified via our proprietary background scanners (included with the system).

For more information or if you have any questions about SMART Trader Volume Spread Analysis (VSA) Software please visit SMART Trader at pipbuilders.com

Good luck trading.