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 for any instrument, with values from 0 to 100. Areas with Strength greater than 75 are considered overbought, with less than 25 oversold and neutral in between.
Trading Signals produced are depicted with arrows and are green for longs and red for short entries. There are signals of three risk levels, low, medium and high according to the Strength level when they are triggered. They are shown with three different color tones.
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, for large portfolios that use multiple entry points.
The two numbers shown in the diagrams show the number of Signals for the current trend, whether upward or downward and how many bars elapsed since it started. The higher their ratio, the stronger the trend.
The actions that have the best reward / risk ratio are when consecutive bars show dark color arrows. The smaller the Strength of the bar that has a dark green arrow, the better it is for a long. The greater the Strength with a dark red arrow, the better for a short.
Using live screeners ranking multiple instruments simultaneously, finding the best ones to trade is easy.