The T-B Finder is an algorithm which when used appropriately reveals how a lot cumulative quantity or “gasoline” a development have and might due to this fact be used to foretell the top of a development or most definitely the top of a market sentiment. When used correctly with different market timing instruments, one can get very correct reversal in addition to buying and selling alerts for exiting and/or getting into a place. Because the T-B Finder will get nearer to its burnout-point, the colour modifications gradiently, turning into darker and extra wealthy in shade. A share (%) is proven on the finish of the T-B Finder curve which shows how a lot cumulative quantity or “gasoline” is used up.
The right way to use T-B Finder…
- Determine an accelerated worth transfer the place worth fails to tug all the way in which again to the MIDAS S/R Curve and as a substitute accelerates away.
- Launch a T-B Finder Curve fitted to Level “D”.
- Determine the place it ends, which is the burnout level (100% of the cumulative quantity or “gasoline” used up), and
- Indicate that the place it ends will end in some type of worth response, most frequently a pullback to the closest MIDAS S/R Curve.
Hyperlink: MIDAS Buying and selling Instruments (MT4)
