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SuperBars -- A Trend Indicator

Most traders know the axiom -- Trend is your Friend. Traders who capture market trends are most successful than traders who trade counter-trend methods. Counter-trend is also a successful method but it is much harder and un-forgiving when a mistake is made compared to Trend based meth ods. Super-Bars is a methodology to detect the underlying trend based on multiple trend techniques to build a composite trend and project the supertrend on the price-bars. Super-bars provide trend information at a quick glance using color schema. Superbars can be plotted in all markets and in all time-frames. Super-bars are color coded and decipher the underlying trend in simple color schema. Red:Bear, Green: Bull, LightRed: pre-Bearish, lightGreen: pre-Bullish. Su per-bars is NOT a buy/sell indicator. It must be used along with other tech nical indicators to spot trends and trend changes. Pattern trends are detected by SuperBars to help trade the pattern with trend.

SuperBars Usage

Examples

FULL Disclaimer/Terms & Conditions

DISCLAIMER: THE RISK OF LOSS IN INVESTING STOCKS, FUTURES, OPTIONS, FOREX OR COMMODITIES CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH INVESTMENTS ARE SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION, YOUR INVESTMENT EXPERIENCE AND OBJECTIVES, FINANCIAL RESOURCES AND OTHER RELEVANT CIRCUMSTANCES. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS, AND LOSSES ARE ALWAYS POSSIBLE. THE STRATEGIES OR TRADE SETUPS MENTIONED HEREIN SHOULD NOT BE CONSTRUED AS CONSERVATIVE STRATEGIES BUT RATHER SPECULATIVE AND FOR SHORT-TERM TRADING PURPOSES ONLY. THERE IS EQUAL OR GREATER POTENTIAL FOR LOSS WHILE USING THIS STRATEGY AND TRADE SETUPS.

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