ARNA has been in the stable for a few weeks now, I cashed in some July $5 Calls on the first run 6/26-6/27, but as you can see, it looks like this is just the start of a major trend reversal. The Indicator in the top window with price (yellow), at first glance appears to be a moving average, not so. It's actually a set of conditions that I ask of each stock, each bar, if the answer is positive, the indicator gets to move up, if negative, it gets to move down. The blue line is a moving average of that indicator. The bottom window is my MACD Heat Map and it is a useful tool in telling you when to start building a position, adding to it, stand aside, start selling and start running for the doors. It also is pretty adept at defining what is and is not a viable trend. It seems we are at the very start of a nice trend in ARNA.
If you have any questions or want help constructing any of these indicators in TeleChart, use my email at the top right of this page. If you haven't tried TeleChart or BlocksTrader yet, give them a shot and tell them you heard about them from Trade Guild.net
Tuesday, July 08, 2008
ARNA Turning On the Heat
Posted by Brandt at 11:10 AM
Labels: ARNA, Blocks, Blocks Trader, custom indicators, heat map, MACD, options, Telechart, Trend trading, trending, Worden
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