New Trend Band: An Efficient Filter to Find Reliable Setups

update of the code to Cycle Trader Indicator I have just published an update to the code of the Cycle Trader Indicator. That new update made the Trend Band a very efficient trend filter. The Trend Band is the thick colored band. It automatically changes its color based on the prevailing trend. Every pullback to …

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A Strong Rally Triggered by a Failure of Bears to Break a Daily Support

2 June 2022 For every trading day the Monkey Cycle Indicator calculates two very important levels, the critical support and the critical resistance. That information is shown in the right upper corner of each chart: Those two levels, resistance and support, define a trading range for the day. The way how the price opens the morning trading …

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When Two Indicators Confirmed the Top of an Overnight Rally

1 June 2022 The Multi time frame version of the Cycle Indicator keeps tracking four different cycles and detects moments when they get aligned at the bottom. That indicator produced four bottoming signals pre-market. Every signal was followed by a nice quick 15–20-point rally. But when time came for opening of the regular trading session …

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