Day Price Trend
this is a price-only indicator applying Dow theory for day trading, with additional of a VWAP line for contextualizing market sentiment.
Go long conservatively when up arrows appear, then exit box occurs; stop under green box
Short when down arrows appear and take profit gray box; stop above red box
this is a price-only indicator applying Dow theory for day trading, with additional of a VWAP line for contextualizing market sentiment.
- Green Box--Price higher highs
- Gray Box--Price lower highs
- Red Box--Price lower lows
- Yellow Box--Price lower highs
Go long conservatively when up arrows appear, then exit box occurs; stop under green box
Short when down arrows appear and take profit gray box; stop above red box
Versionsinformation:
Day Price Trend
this is a price-only indicator applying Dow theory for day trading, with additional of a VWAP line for contextualizing market sentiment.
Day trading during a balance day is unfavorable; it's better suited for trending days with imbalance.
Go long conservatively when up arrows appear, then exit box occurs; stop under green box
Short when down arrows appear and take profit gray box; stop above red box
this is a price-only indicator applying Dow theory for day trading, with additional of a VWAP line for contextualizing market sentiment.
- Green Box--Price higher highs
- Gray Box--Price lower highs
- Red Box--Price lower lows
- Yellow Box--Price lower highs
Day trading during a balance day is unfavorable; it's better suited for trending days with imbalance.
Go long conservatively when up arrows appear, then exit box occurs; stop under green box
Short when down arrows appear and take profit gray box; stop above red box
Versionsinformation:
Day Price Trend
this is a price-only indicator applying Dow theory for day trading, with additional of a VWAP line for contextualizing market sentiment.
Day trading during a balance day is unfavorable; it's better suited for trending days with imbalance.
Go long conservatively when up arrows appear, then exit box occurs; stop under green box
Short when down arrows appear and take profit gray box; stop above red box
this is a price-only indicator applying Dow theory for day trading, with additional of a VWAP line for contextualizing market sentiment.
- Green Box--Price higher highs
- Gray Box--Price lower highs
- Red Box--Price lower lows
- Yellow Box--Price lower highs
Day trading during a balance day is unfavorable; it's better suited for trending days with imbalance.
Go long conservatively when up arrows appear, then exit box occurs; stop under green box
Short when down arrows appear and take profit gray box; stop above red box
Versionsinformation:
corrected break out signals and boxes
Versionsinformation:
minor fix
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update with 1m chart
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corrected chart
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-add table to show the day Volume and Change
Versionsinformation:
-adding asia/london/ny/pm box easier to identify those sessions;
-adding a line to show the rejected high/low
-adding a line to show the rejected high/low
Versionsinformation:
added higher time frame boxes, gain more market context than quarterly of the day (option to pick either)