Absolute Strengh Index v1.1

The Absolute Strength Indicator is an excellent tool to determine:
1.- Market Trend as well as the strength of the trend.
The Main Signal occurs when the Solid lines cross each other. Bulls over Bears signals long entries and vice versa. I consider this the most conservative entry point.
2.- Market Correction (Retracement and/or Reversal)
Correctional entry signals are my favorite. They occur when a Solid line crosses over it’s corresponding Dotted line but before the main signal crossover (see picture attached)
3.- Market Consolidation (Moving sideways).
Another important aspect is the flatness of the market displayed by the lack of dominance of either bears or bulls. This occurs when both solids are under their corresponding dotted lines regardless of overall market sentiment (i.e., Bears over Bulls). When neither of the solid lines is over its corresponding dotted line, consolidation is taking place. It is too risky to trade and perhaps best to wait for either Correctional or Main signal.

With this scalping system variation a 5 minute chart is used instead of a 15 minute chart. All the Guppy averages have been adjusted accordingly.
This enables Cynthia’s stop to be used.
With the original, Sonny used the DOTS stop and then moved it up as per his rules.
Cynthia’s stop enables the initial stop, most times, to be closer to the entry and can be used to follow the market to the first target. Some adjustment of the parameters may be needed to suit conditions at the time.
It is recommended to watch the videos involving Sonny as they give a good idea of the market setups needed to make the general method a success.
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