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Radar 1 Fear/Greed Indicator™

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Our Price: $299.95
 
Platforms:

Ninja Trader

Tradestation

MultiCharts

Description:

RADAR 1TM is a histogram which compares the relationship between price changes and volume changes to measure the ratio of buying strength to selling strength. This tells us whether the Bulls or the Bears are in control at any particular point in time. It is an excellent oscillator for divergence analysis and for identifying trend persistence, and works in real time on charts in any time frame, either intrabar or end-of-bar.

When RADAR 1TM is in the green zone, buying pressure exceeds selling pressure and the Bulls are in control. The height of green upward-pointing RADAR 1 histogram bars is an indicator of the strength of the Bulls’ buying pressure. Conversely, if the RADAR 1TM oscillator line is in the red zone, selling pressure exceeds buying pressure and the Bears are in control. The depth of the red downward-pointing RADAR 1TM histogram bars is an indicator of the strength of the Bears’ selling pressure.

RADAR 1TM serves as an excellent turning point indicator in all kinds of markets, as it usually begins to turn before the price does. It generally reveals the exhaustion of the Bulls/Bears while the price is still moving up/down of its own momentum. If a sudden move in price is not confirmed or anticipated by a similar move in RADAR 1TM, it usually means a fake-out swing and represents a move to be ignored or faded.

RADAR 1TM often creates a characteristic "double peak" or "double valley" pattern prior to a major price reversal. On the other hand, if the pattern is a smooth up-and-down curve uninterrupted with a minor dip, the chances are that the existing trend will continue further.

When a RADAR 1TM valley is shallower than its predecessor while the price corresponding to the most recent RADAR 1TM valley is lower than the price corresponding to the previous RADAR 1TM valley, a diverging condition has occurred which generally signals an imminent price reversal to the upside. Conversely, when a RADAR 1TM peak is lower than its predecessor while the price corresponding to the most recent RADAR 1TM peak is higher than the price corresponding to the previous RADAR 1TM peak, a diverging condition has occurred which generally signals an imminent price reversal to the downside.

RADAR 1TM has one input, ALRTLEVL, which defines the cutoff value at which an alert is triggered. If ALRTLEVL is set to 1, for example, an alert is triggered when RADAR 1 TMcrosses above 1 or crosses below –1.

To learn more, watch this video

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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Full Risk Disclosure

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