@horserider Nice picture, better that that purple blob!
This actually doesn't apply because instead of waiting you can use the previous bars color.@YungTraderFromMontana I use this indicator...IF you are using a higher aggregation for example...You are using a 5 min chart but you have your TMO set to 30 min...Then the MAIN and SIGNAL will repaint on TMO indicator when you're looking on a 5 min chart...the last 6 bars will change color...This makes it hard to check your strategy after the market closes and the charts aren't live because of the repaint on higher aggregation. I hope that helps.
@YungTraderFromMontana IF you're using ANY kind of a SuperTrend such as the CSA @diazlaz is working on you will not be able to tell the previous bar's color unless you set something up that tells you where each bar closed. It makes backtesting by looking at charts useless when doing so during non market hours. That is why personally I don't like to set the higher aggregation too far off from the original timeframe...This actually doesn't apply because instead of waiting you can use the previous bars color.
It uses the tmo to determine a good swing entry after a selloff. It works best on long term uptrending stocks and I would avoid diluted messes that have gone down for the last 5 years.Hey YungTraderFromMontana - Thank you for sharing - can you describe a little what it is supposed to do so it can be validated please. thank you!
Delta is the amount an option price is expected to move based on a $1 change in the underlying stock, CallsHello, noob question here. I want to understand more about how TMO works. What does it mean exactly by Delta? I'm used to the options greek definition of delta. I'm kind of guessing this means "the change of price". Thanks for any knowledge!
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