NCDindia
2015-10-20, 11:43 AM
Juice Levels indicator is a useful VertexFX client side VTL indicator for research and analysis of the trend strength and volatility.
It comprises of three components, the GREEN component which is good strength of the trend. The RED component which is bad (underperforming) trend strength and the YELLOW component which is the average trend strength.
When the standard deviation of the rate of change is above the THRESHOLD_LEVEL the Juice Level is green, implying the volatility is high and the trend strength.
NOTE - This indicator DOES NOT provide BUY / SELL signals.
BUY / SELL - Avoid taking trades when the Juice Level indicator is YELLOW or RED.
It comprises of three components, the GREEN component which is good strength of the trend. The RED component which is bad (underperforming) trend strength and the YELLOW component which is the average trend strength.
When the standard deviation of the rate of change is above the THRESHOLD_LEVEL the Juice Level is green, implying the volatility is high and the trend strength.
NOTE - This indicator DOES NOT provide BUY / SELL signals.
BUY / SELL - Avoid taking trades when the Juice Level indicator is YELLOW or RED.