Strat Radar_vt

Strat Radar is a visual tool to trade "TheStrat" methodology.

TheStrat is a simple yet powerful model to view the market. From one bar to the next, there are only three possible scenarios or three types of candles:

• type 1 - an inside bar. Market is in consolidation.
  
• type 2 - a directional bar (2 up or 2 down). Market is trending.
  
• type 3 - an outside bar. This is a broadening formation and market is taking liquidity from both upside and downside.
  

So by looking at candle type and combination, one can visualize what price is doing in the market.

Strat Radar makes it possible for user to see candle type and sequence for all major time frames – from a 5m bar to a yearly bar - all in one chart! And even better, it allows user to see not just one bar but last three bars!

Certain candle combination creates high probability trade setups, for example 2-1-2 or 2-2 reversals, so by looking at Strat Radar, user can quickly determine whether there are any good trading opportunities. The simple and visual layout makes it easy to go through a watch list and use Strat Radar as a scanner. There is no need to flip through multiple time frame charts.

Features:

• Show candle type and color for twelve time frames from 5m to yearly bar
  
• Show candle type and color for last three bars of each time frame
  
• Location of candle number and candle color have specific meaning:
  For non-directional bars ( 1 and 3):
  
• Below candle means close > open
  
• Above candle means close < open
  For directional bar 2:
  
• Below candle means: 2 up
  
• Above candle means: 2 down
  
• Candle color: green - close>open, red – close < open
  
• A built-in trend strength system that can be turned on or off
  
• A reversal marker that can be turned on or off. It is based on a combination of Strat candle sequence and trend strength
  

Since candle type and combination are clearly shown for each time frame, it is easy to determine whether is Full Time Frame Continuity (FTFC).

Strat Radar_vt is a light version of the full indicator and covers:
- most futures market
- 30 stocks in Dow Index
- Index and sector ETFs : SPY , QQQ , DIA, IWM , XLE , XLF , XLU , GDX , XLK , XLV , XLY , XLB , ITB , XRT , SMH , IBB , KRE , XLC , GDXJ , KBE
- Some key stocks: AAPL , AMZN , FB , GOOGL , TSLA , NVDA , NFLX
- Forex pairs: DXY , AUDCAD , AUDJPY , AUDNZD , AUDUSD , EURCAD , EURGBP , EURJPY , EURUSD , GBPJPY , GBPUSD , NZDUSD , USDCAD , USDJPY

Full version works on all stocks and assets. If you like this indicator and require the full version, please contact the author.