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Friday, October 04, 2013 12:05:37 PM
ADR Tool
In case you haven't seen it, this is the ADR tool designed by Alphonso with the SD indicator package. I like it a lot better than Compass FX's tool. This one is very non-intrusive...doesn't clutter up the chart.
Any time a pair is approaching 100% of it's ADR, it's time to be wary about taking any more trades in the current trend direction for the day. At this point, it's definitely not advised to continue shorting since we're so far beyond the norm.
In case you haven't seen it, this is the ADR tool designed by Alphonso with the SD indicator package. I like it a lot better than Compass FX's tool. This one is very non-intrusive...doesn't clutter up the chart.
Any time a pair is approaching 100% of it's ADR, it's time to be wary about taking any more trades in the current trend direction for the day. At this point, it's definitely not advised to continue shorting since we're so far beyond the norm.
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