The Indicators are suggesting a split and range bound market, which is typical following a wide range day like yesterday.
Using $TICK momentum changes is a good tool for scalping trades in a range bound market. The Blue line is simply the 1 - Period SMA of (H+L+C) / 3 for each $TICK bar. The vertical lines show times when the futures were testing lows and highs while the $TICK blue line was showing a possible reversal in momentum. Fading these tests were profitable scalp trades.
Charles
Thanks for these posts Charles! They are very informative and helpful!
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