continuation

Trend continuation factor, by M.H. Pee The related article is copyrighted material from Stocks & Commodities.

Based on Rob Smith from T3Live's "The Strat" system. Places an indicator on the top right of the chart that shows if the current bar on the current or higher timeframe is red or green. Allows the user to identify timeframe continuity or conflicting timeframes at a glance. Not recommended for those who have not completed Rob's course.

English: This script shows the difference between a future's continuous current contract (e. g. CL1!) and the continuous next contract (e. g. CL2!). Normally, the next contract is more expensive ("Contango" - shown in green). If the next contract is cheaper, the difference is negative ("Backwardation" - shown in red). A change between Contango and Backwardation...

Mean Reversion and Momentum Interpretation: - Divergence means trend reversal - Parallel movement means trend continuation Squares above serve as a confirming signal

This strategy works well on all time frames, however, I'm sure everyone will have their own personal preference. **Ignore the main chart at the top, the strategy is posted in the image below.

Trend Continuation Factor indicator script. This indicator was originally developed by M.H. Pee (Stocks & Commodities V. 20:3 (58-64): Trend Continuation Factor).

Based on Rob Smith from T3Live's "The Strat" system. Draws lines and labels for high/low of prior day, current day, prior week, current week, prior month, current month, prior year and current year. Draws lines and labels for current day, week, month and year open. Not recommended for those who have not completed Rob's course.

This is a very simple script... it does not necessarily create signals. It only provides useful feedback via statistics & probability. There will be a green background if there are two green bars in a row, and it will stay green until two red bars show up (in which it switches color to red until two green bars show up again). The fuchsia arrows show the double...