Trend & Contrarian (Expo) is a powerful trend tool with adaptive contrarian- signals. A strong trend is displayed by the background color and the unique Trend dots/line can be used to confirm a strong trend or to identify early trend reversals. The contrarian-signals are adapting dynamically to price moves and should be used as ‘preparation’ or ‘warning’ prior to trigger, should be confirmed by a trend reversals signal or by other indicators.
The contrarian signals should only be used if the user fully understands how they work, please test the feature before entering a trade based on it. However, these signals can be very valuable if used correctly.
- Green background color ➞ Strong Positive Trend
- Red background color ➞ Strong Negative Trend
- No background color? ➞ No strong trend. The Trend Dots/line determine the trend
HOW TO USE
- Identify strong trends
- Identify trend reversals
- Identify contrarian signals
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