The Dynamic Trend Confirmation Indicator
Unlike most indicators which captures price movements “after” the move this indicator speeds up with volatility as price rapidly moves. This produces a dynamic trend wave used to determine entries, exits, and market direction for swing and day traders. Combined with multi-time frame analysis this combo creates the complete trader toolkit when analyzing stocks, options, and futures.
To summarize I want to have as much confirmations as I can have when making a trade. Kind of like a grand slam.
- Is price above or below the wave?
- Is the arrow signaling buy or sell?
- Are all the time frames signalling a buy or sell?
If all 3 confirmations are correct I can initiate the grand slam trade!