Wealth Cultivars
NXT Indicator Range
Maket Heartbeat
Market movement can be compared to waves. You can think of an uptrend as the beginning of high tide. Although the water is rising, it is not rising all at once. Waves roll out and pull back in. As long as more water rolls out than what is pulled back in, the tide or, in this instance, the price will slowly rise.
When the market is trending, you have longer waves in the direction of the trend called impulse waves and shorter waves in the opposite direction. These counter-trend moves are called correction waves.
When the trend is exhausted and can no longer be sustained, the low tide cycle begins, or in market terms, a price reversal.
We can identify an uptrend by looking at the market structure or movement. In its most simplistic definition, an uptrend is characterized by a series of higher highs and higher lows. The market reverses into a downtrend when we can identify lower highs and lower lows.
Take into consideration that one impulse wave consists of a series of smaller impulse-correction-waves, and suddenly it is not easy to accurately identify the market structure.
This is where Market Heartbeat comes in. It assists you in identifying the overall market direction and showing you the impulse waves and the correction waves with their magnitude. There are four different magnitude levels. It also helps detect the earliest point of reversal.
Looking at the indicator icon, you can see that price made a lower low, but Market Heartbeat kept you in the long position, as there was still some momentum left (see the horizontal golden line).
Looking further right, you can see that Market Heartbeat already signalled a reversal before the previous low was broken (yellow vertical line).
Get your very own Market Heartbeat monitor today, and be more in touch with the rhythm of the market.
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CFTC Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses like those shown.
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