Although we cannot take credit for inventing the bell curve, our trading indicator called, The Trading Current has some very novel & one of a kind features. The Current is inspired from standard deviation channels and the investment premise that statistical outliers occur, but are not sustainable movements. We have created a unique indicator to assist you in taking advantage of those outlier moves.
The most unique proprietary feature of The Current is its alert functionality. On as many time frames as you want, The Current will notify you of standard deviation line crosses. Even more impressive is the alert functionalities ability to take into consideration Pearsons Coefficient. For example... Lets say that you as a trader ONLY like to short a strong down trend or long a strong uptrend; you dont trade horizontal range type of price action. You can set a custom multi-time-frame alert on The Current such as... "Alert me when price crosses above +2 Standard Deviations away from the mean, but only if Pearsons Coefficient is greater than 85% in a downtrend.
This type of alert can be set on multiple time frames all at once and you dont even need to keep the channels overlayed on your chart. This type of alert functionality is ideal for all traders. Pick and choose your spots and live your life without having to stare at the screen until price crosses the line that you're watching.
We hope you enjoy!
The most unique proprietary feature of The Current is its alert functionality. On as many time frames as you want, The Current will notify you of standard deviation line crosses. Even more impressive is the alert functionalities ability to take into consideration Pearsons Coefficient. For example... Lets say that you as a trader ONLY like to short a strong down trend or long a strong uptrend; you dont trade horizontal range type of price action. You can set a custom multi-time-frame alert on The Current such as... "Alert me when price crosses above +2 Standard Deviations away from the mean, but only if Pearsons Coefficient is greater than 85% in a downtrend.
This type of alert can be set on multiple time frames all at once and you dont even need to keep the channels overlayed on your chart. This type of alert functionality is ideal for all traders. Pick and choose your spots and live your life without having to stare at the screen until price crosses the line that you're watching.
We hope you enjoy!