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Cluster Indicator


Our Price $499.00

   


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The appearance of a larger magenta dot above a price bar indicates that the market may have reached a significant exhaustion point indicating a possible selling opportunity. The appearance of a larger cyan or light blue dot above a price bar indicates that the market may have reached a significant exhaustion point indicating a possible buying opportunity.


Entry Options

1. Buy or sell at the market at the first appearance of a JFC Cluster Indicator Dot. Higher risk.
2. Place a buy or sell stop at the last pivot identified by the JFC Entry Point indicator. When the market then trades through the support or resistance defined by the pivot indicator you will enter the market at the point at which support is violated following exhaustion. Lowest risk. User Customizations

Inputs: Plt. This input will define where the indicator dot will be plotted (plt) in reference to the high or low of the bar in question. For instance, on an S&P chart, a 5 entered here will plot the dot 5 points above the high of a high exhaustion point and 5 points below the low of a low exhaustion point. Experiment with this plot until you are visually comfortable with the presentation.

Use with Other Indicators

I've found this indicator to be particularly useful in combination with the Real Time Pivot, Reversal, and Exhaustion 2 indicator.

Since all of these programs utilize different pattern recognition scenarios, an area in which all 4 are signaling an upcoming price move has a higher percentage of accuracy that using any of the tools separately.