I am testing a new Daily Wick Zone ndicator by TRO to see how it fits into my current level trading strategy

06/18/2014

I have not made any trades as of this posting and will post live trades as they are made. ( rules for its use will follow) It appears that it may provide additional entry/exit confirmation supporting my current level trading strategy. The red arrows on the chart indicate the previous days candle by the zones, ie, candle wicks and candle body. The upper red zone is the upper day candle wick, the empty area in the middle the body and the red zone at the bottom is the lower candle wick. We will see how we can exploit this information and use it to our advantage. The guage gives additional informatioin that will be provided in the rules. I basically like a clean and uncluttered chart, but I am always open to new tools that provide an additional edge. I am not a fan of a bunch of indicators and squiggly lines and perfer to watch and trade PA, but if it proves to be useful, it will remain in my trading arsenal, time will tell stay tuned