Explanations for the Signals and Strength Indicator
The SSI is a proprietary indicator based exclusively on the eSignal platform.
The Yellow line measures the Strength of the price action for any instrument, establishing overbought, oversold and neutral periods.
Trading Signals are depicted with arrows, green or red for long or short entries, with three levels of importance and corresponding color density according to the Strength level at the time.
Dark green arrows indicate strong buy signals, while dark red arrows indicate strong sell signals. Lighter colored arrows are confirmation signals or signals to add with multiple entry points for large portfolios.
Consecutive dark colored signals have the best reward to risk ratio.
For swing trades the daily timeframe is used, while 30m and 5m timeframes are used for intraday and scalp trades.
Advanced traders may use tick, volume, range or price change intervals.
Finally using Screeners, with hundreds of instruments live with the SSI and automatically sorting them every few seconds, the best selections for long or short trades are produced continuously.
If you wish to see the SSI_GemsBot indicator live, where it is at its best, let’s arrange a Skype presentation where all your questions will be answered.