Strength & Weakness Arrows
The Ultimate Shakeout Protection
During up-trending or down-trending price action there may be indecision as to whether an asset will continue to follow the trend. The further along the trend goes the more doubt & indecision builds in the mind of the trader. That's where the Alpha Trend Arrows come in handy! The Alpha Trend indicator is designed to provide reassurance that the price action will continue to still following the specific trend by displaying a strength and weakness arrow. This alerts the user that there may be further upside if up-trending, or continuation downward if down-trending.
Green Strength Arrows
Below is an example of the green & red arrows at work on Bitcoin. You will notice looking at the arrow placement starting left to right that there were many times when price action looked like it may be changing direction and trend, and the arrows let you know not to change your current directional position. These are fake-outs being avoided as the rest of the market has a hard time deciding when the trends are over. The Green Arrows are able to keep you in upside moves longer so you can capture most of the trend! You can see how Strength & Weakness arrows are the perfect compliment in the Alpha Trend Suite.
Red Weakness Arrows
The Red Arrows can either keep you in your short bearish trade, or they can prevent you from entering a long position and potentially losing your capital. Below you will see a bearish trend start signaled by red trend bars. Just before little fake-outs along the way you were given red arrows to let you know to stay in your bearish position and not get shaken out. It also told you not to fall for any of the fake rallies that many people did along the way.
Last updated
