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Arbitrage Level

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The hardest question to answer in trading is "should I be in this trade"

With the help of Arbitrage Level, We can answer that question on whatever time frame you would like to trade.

How it works:

Just like a carpentry level, we want to know when there is more momentum up or down. So using momentum indicator (our red line) we can not only measure how fast it's moving but also in what direction.


So if the red line crosses over the dotted green line a new up trend should be beginning. If it crosses under it's time to go to cash.


Enjoy!
Versionshinweise
Added Alerts for Positive and Negative Bias
Versionshinweise
Updated Typo in Alert syntax
Versionshinweise
Alerts were polar opposite of intended play direction!

Sorry about that!
Versionshinweise
Minor Changes

Defaults set.

Merry Christmas and Happy Holidays,
Your Arbitrage Trade Team

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