Greetings,

We'd like to take a moment to welcome you aboard and thank you for licensing our Kwik*POP for
TradeStation trading tools. This document will help you set up your charts similar to those used in
our audio/video chat room. We encourage you to attend our chat room as often as possible until
you are comfortable with the Kwik*POP indicators.

We have found, after 750 customers, those people that attend our training sessions, each
Wednesday at 4:15 PM and stop into our chat room during trading hours for the first thirty days,
tend to be more successful at using Kwik*POP than others. Again, we encourage you to attend
our training sessions and join the chat room whenever possible. The purpose for using the
Kwik*POP indicators is to help improve your trading and you can't improve your trading if you
really don't understand how to use the indicators.

We have a series of training videos at www.kwikpop.com/kpvideos.htm . We ask that you review

all of those videos thoroughly as they'll explain the basic concept behind our methods. In addition,
by attending the chat room you'll pick up other tips and trading ideas when observing live charts.
We run live charts in our chat room every day.

REMINDER: If you are on a monthly or quarterly license your subscription will

automatically renew unless you go to the shopping cart and click on the CANCEL link.
This is your responsibility. The shopping cart link is
www.traders-syndicate.com/s_public_new2.php4

Kwik*POP tools are located in the indicator studies, show me studies and paint bar studies.
Under INDICATOR STUDIES there are 35 Kwik*POP indicators. Each Kwik*POP indicator
begins with the title S_TSKP.
There are 5 Kwik*POP SHOW ME studies, again each one starts with the title S_TSKP.
There is one PAINT BAR study.
We are going to set up some charts with certain indicators and save those settings under
Analysis Group in TradeStation. The first 'template' we call KP PROFILE 1. This is a basic
configuration to be used on a Russell 2000 mini futures contract. These settings can also be used
on the ES and NQ futures contracts as well. Each market, ES, NQ and ER2 has a different
volatility skew based upon differences in liquidity and institutional participation. Therefore, we
must isolate those interval charts that best display the markets personality. Whenever we say
'interval charts' we are referring to the construction of a price chart using either time, tick or
volume settings.

TIME INTERVAL CHARTS: A time interval chart creates a new price bar after a specific
time interval. It matters not how many trades take place, how much volume there was or the
range of prices. At the end of a specific time interval a new price bar appears. For example. Using
a high, low, close bar as your reference and setting the periodicity to two minutes, a new price bar
will appear at the end of each two minute time interval. Every two minutes, regardless of trading
activity a new price bar will appear.
TICK INTERVAL CHARTS: A tick chart is not time sensitive. A TICK refers to the minimum
increment that prices can change. For example, on the ER2 futures the minimum TICK is one
tenth of one index point. If prices move from 645.10 to 645.20 they have changed by one tick. On
the ES futures one tick is one quarter of one index point. If prices move from 1215.25 to 1215.50
they have moved one TICK. A tick chart creates a new price bar after a specific number of TICKS
have occurred. It doesn't matter how long it takes for those ticks to occur as tick charts are not
time sensitive. A new bar appears ONLY AFTER A CERTAIN NUMBER OF PRICE CHANGES.

For example; if you are using a 150 TICK chart of the ER2, a new price appears ONLY AFTER
150 TICKS or price changes. If it happens in 30 seconds or it takes one hour, a new bar appears
only after 150 TICKS.

VOLUME INTERVAL CHARTS: Like tick charts, VOLUME charts are not time sensitive. A new
price bar appears only after a specific VOLUME of shares or VOLUME of futures contracts have
traded. VOLUME charts are not tied to ticks or time. A new bar will appear only after a specific
VOLUME of trading occurs.

The settings below are for the RUSSELL MINI FUTURES CONTRACT traded on the Chicago
Mercantile Exchange. We have found that two particular tick interval charts give us the best
profile on the ER2. A 150 TICK chart and a 400 TICK chart. The 400 TICK chart reflects the
broader intra-day trend and the 150 TICK chart is used for timing trades in the direction of the
trend. We suggest that you get comfortable reading the 150 TICK chart first and then examine the
400 TICK chart.

We have two sets of indicator settings for the 150 TICK chart. As mentioned earlier, PROFILE 1
is the stripped down basic version. This is easy to read and allows you to easily follow the pivot
patterns. We’ll start with PROFILE 1 and then move on to PROFILE 2. Please set up a 150 TICK
INTERVAL CHART of the Russell 2000 mini futures contract. The symbol is ER2.

The first thing we add is our PAINT BAR STUDY called S_TSKPSCORECARDCOLOR.
Right click on your chart screen and left click on INSERT ANALYSIS TECHNIQUE. Then left click
on the PAINT BAR tab up top. Scroll down and left click on S_TSKPSCORECARDCOLOR and
then click OK.

WHAT IS TSKPSCORECARDCOLOR??
The colors of the price bars represent a specific momentum condition based upon 9 momentum
indicators comprised of over 20 different variables. BLUE is a bullish condition. RED is a
bearish condition and YELLOW is neutral. Whenever 5 out of the 9 momentum indicators are
aligned we will get either a BLUE or RED price bar. When the bars turn BLUE this tells us that at
least 5 momentum readings are positive and the probabilities are that we’ll see prices drift higher.
Obviously, when the bars turn RED ,short term momentum conditions are bearish and we expect
to see prices drift lower.
From a traders perspective the scorecard colors are very significant as they are one of the
tools used to time your buys or short sells. In addition, the change in colors are used to
confirm a pivot high or pivot low which we discuss in our training sessions and videos.
When all other considerations are in alignment the objective is to initiate a trade on the
first bar that turns RED or BLUE. Those colors RED or BLUE identify acceleration in
momentum up or down, depending on the color of the bar.

Next we will add two indicators we use to define pivots and confirm trade entry. Go to
INSERT ANALYSIS TECHNIQUES and left click on the INDICATORS tab up top.
Scroll to S_TSKPA900. Left click on that then click OK. TradeStation automatically
places that indicator in a sub-graph beneath prices. We want to place that indicator right
on top of the price bars. Therefore, we must right click on the price chart and left click on
FORMAT ANALYSIS TECHNIQUES. In this box we left click on S_TSKPA900 to
highlight it and then left click on the FORMAT bar over on the right side of the box.

In the FORMAT INDICATORS box left click on the scaling tab. There are two look in
windows near the top of that box. In the RIGHT look-in window called SUB-GRAPH
use the scroll arrow and set it to 1. Now go over to the LEFT look-in window and use the
scroll arrow to set it to SAME AXIS AS UNDERLYING DATA. ( see diagram below )

Please make a note of this. Anytime we place an indicator in the SAME SUB-GRAPH
as the price bars … we must scale it properly by selecting SAME AXIS AS
UNDERLYING DATA in the LEFT look-in window titled SCALE-ON.

Once we’ve placed the indicator in the proper sub graph we now must click on the
COLOR tab up top and change the color to WHITE. ( see diagram below ). Next we click
on the STYLE tab and use the settings in the diagram below.
Next, we’ll add S_TSKPAUTOSTOP. Once again, we’ll follow the same steps above
when plotting an indicator on the price bars and again, as a reminder, be certain you scale
it to SAME AXIS AS UNDERLYING DATA. With S_TSKPAUTOSTOP we’ll use a
color of YELLOW and the second weight.

WHAT IS S_TSKPA900 and WHAT IS S_TSKPAUTOSTOP??

Well, actually both of these indicators are momentum oscillators designed to be used in a
sub-graph underneath the price bars. The scale has been changed to match price so as to
enable us to plot them on top of the price bars, but you can plot them both in a separate
sub-graph together if you prefer. Many people assume that they are some type of moving
average, but in fact, they are momentum oscillators originally constructed on a scale
between 0 and 100. By adjusting the scaling parameters in the code and tying them
directly to price we found that we can plot them on the price bars and use them in a
multi-purpose function to define strength or weakness in the market.

Let me explain that a little further. A900 is measuring 9 different relationships defined as
ratio’s. Where is the median price of the current bar in relationship to the median price x
periods earlier.? Where is the current median price relative to the high and low of the bars
x periods earlier? Where is the median price of the current bar relative to the close x
periods earlier? And on and on. All of that is crunched down into that white line you’ve
plotted on the price bars.

Autostop uses a similar theme but the length of the variables is longer so that autostop
lags A900. Momentum ( price acceleration or deceleration ) is merely a measure of
various ratios of price relationships. In essence, we are measuring where we are now …
relative to where we were earlier. The range of variables are designed to give us a visible
measure of strength or weakness in the market or … a way to measure price acceleration
or price deceleration.

The chart above is a WEEKLY CHART of the Russell mini futures contract. Please note
that I said it is a WEEKLY chart. Each price bar represents the range of prices for an
entire WEEK. I’ve used a weekly chart to demonstrate a very important point. The
patterns our indicators are designed to isolate on one minute charts or 150 tick charts
intra-day also appear on larger interval charts such as a weekly chart. This is an important
theme you should remember because the techniques used for day trading apply to any
security on any time frame. In other words, the patterns our indicators identify show
substantial momentum shifts that present trading opportunities on any security and any
time frame.

The chart above shows prices from July 2004 through August 2005. Those are the same
patterns you’ll see on a 150 tick chart intra-day. Don’t believe me? Look at the chart
below.
The patterns that appear on a 150 tick chart intra-day also appear on hourly daily and
weekly charts. The chart immediately above is a 150 tick chart intra-day. Compare those
patterns to that weekly chart in the previous paragraph. You must look closely to notice
the color change of the price bars as this picture is less dramatic than what actually
appears on your chart screen.

Earlier we mentioned that from a timing perspective we look to initiate a trade on a color
change when all other considerations are in alignment. Some of those ‘other’
considerations are the white line A900 crossing the yellow line AUTOSTOP. Study that
150 tick chart above and circle the point where the price bars changed to BLUE and the
white line crossed above the yellow line. In an up trend that is where you would BUY.

Now notice where the price bars changed color to RED and where the white line crossed
below the yellow line. That is where you would initiate a short trade in a down trend.

One measure on the strength of the move is defined by the distance between the white
line and the yellow line. You’ll notice that as the momentum acceleration increases the
lines ( A900 and AUTOSTOP ) widen out. As momentum begins to decay the lines (
A900 and AUTOSTOP ) come together. Another measure of momentum acceleration is
defined by the relationship between the close of the price bar and that white line ( A900 ).

In an UP move as long as the price bars continue to close above A900 ( white line ) we
have strong momentum acceleration. When the bars start to close below the white line
momentum is beginning to weaken. When the bars TURN YELLOW and close below the
white line upside momentum has been exhausted and a reversal in price direction
normally occurs.
Study that diagram carefully for a few moments. I’ve marked the areas of strong
acceleration and deceleration. The challenge for traders has always been , as Kenny
Rogers would sing …Ya gotta know when to hold em’ and know when to fold em’. The
purpose of the Kwik*POP indicators is to give a trader a visual measure of momentum
strength or weakness.

Notice how the color of the bars start to change from RED to YELLOW as buying
pressure seeps in. ( Study the left side of the chart above ). Then, as the bulls charge, the
price bars turn BLUE, A900 crosses above AUTOSTOP and the bars continue to close
above A900. That pattern of rapid upward price acceleration tends to occur when short
sellers are attempting to cover ( BUY BACK ) their positions and new buyers are
charging in.

As the bulls become exhausted, the color of the price bars change from BLUE back to
YELLOW and the price bars start closing below A900. This is a visual warning of a
collapse in upside momentum (When to hold and when to fold?) As the bears move in
and longs take profits (selling ) the price bars change color to RED as the momentum on
the sell side begins to accelerate. A900 crosses below AUTOSTOP … and away we go.

With RED price bars closing below A900 and A900 below AUTOSTOP, we have
MOMENTUM ALIGNMENT to the downside and you can visibly see the selling
pressure. After awhile, the bears have a belly full and the sell side momentum begins to
decay. The bulls, now rested up and looking for ‘deals’ charge back in with a vengeance
as the price bars change color from RED to YELLOW to BLUE and the rally pattern
repeats once again. Those color changes are significant and hard to ignore. They are
designed to show you BUYING or SELLING pressure in the market. Please note that
BLUE price bars are BULLISH, RED price bars are BEARISH and YELLOW price
bars are NEUTRAL.
FILTERS
Momentum indicators configured as stand alone oscillators are tools, derived from price,
that can give us another perspective on price action. As mentioned earlier, momentum
oscillators are typically measuring a variety of ratio’s related to price. Changes in these
ratio’s change the slope of the momentum oscillator. Most of these type of oscillators are
used to define BULLISH or BEARISH divergence between the direction the oscillator is
moving and the direction price is moving.

Many times the oscillator will not confirm the price rally . Prices make a new higher
high, but the oscillator makes a lower high. This is known as BEARISH
DIVERGENCE between momentum and price as the oscillator is slowly starting to
move in a direction opposite of price. Prices are advancing higher, but the oscillator is
slowly starting to turn down. It is important to remember that momentum oscillators are
measuring specific ratio’s or relationships between price and other indicators.

For example, the RSI indicator developed by Welles Wilder way back in the 1970’s is
measuring the change in the ratio of up closes versus down closes over a specific number
of bars. Prices may continue to press higher, but the number of up closes versus the
number of down closes for a specific period has started to break down and the RSI starts
to diverge from price (bearish divergence). The RSI is an excellent tool but like all
oscillators it has it’s weak points as well. It works great in a channel, but it can give false
signals in a strong trend.

Stochastic, by George Lane is another excellent oscillator. The stochastic gives us a

slightly different perspective on the market. It is measuring where we are now relative to
where we were earlier. Stochastic compares the current price to the range of prices over x
periods earlier. When smoothed %K gives a reading of 80 it tells us that we are in the
upper end of the range x periods earlier as the scale runs from 0 to 100. Conversely, a
%K value of 25 tells us we are in the lower quarter of the range going back x periods
earlier. As prices reverse direction the stochastic changes as well. Many people call the
stochastic the Overbought/Oversold indicator because when we get %K at the extreme
end of the scale the market is said to be overbought or oversold based on the range x bars
back. Like the RSI, the stochastic works great when the market is in a sideways channel
but tends to give too many false reversal signals in a strong trend.

There are many excellent indicators out there such as MACD, ADX, CCI and on and on
and on. Each of them has their strong points and weak points so you must really study
them thoroughly before using them in a trading strategy. We wanted something that was
a little faster and didn’t require a lot of subjective interpretation.

Go to INSERT ANALYSIS TECHNIQUES. Left click on S_TSKPFAST3 and click OK.

TradeStation will automatically plot this in sub-graph 2 underneath the price bars. We’ll
leave it there but we’ll need to FORMAT it a little differently. Change the STYLE to a
HISTOGRAM and change the weight to the 3rd thickness.
The chart above is the same as the other chart except we’ve added fast 3 as a histogram.
Obviously when FAST3 turns BLUE that’s BULLISH and when it turns RED that’s
BEARISH. Let’s keep things really simple and state this very easy rule. When you are
LONG, you want FAST3 to be BLUE. When you are SHORT you want FAST3 to be
RED. When day trading we don’t have time for a lot of subjective interpretational
analysis on the current plot of a momentum oscillator. At a glance we need to know
whether it is BULLISH or BEARISH. With FAST3 that’s quite easy, it’s either BLUE or
RED. Now isn’t that easy? To BUY we want to see BLUE PRICE BARS and a BLUE
oscillator. To go SHORT we want to see RED PRICE BARS and a RED oscillator.

WHAT IS FAST3?
We have over 35 indicators in Kwik*POP and to give a thorough explanation of each
indicator would take too long for this document. The short explanation is this. Fast3 is
measuring the relationship between two of our indicators and the mid range of the current
price bar. The indicator was constructing using a derivation of the CCI formula,
employing standard deviation measure in the mix. When plotted as a histogram it looks
very similar to a CCI indicator and in many ways it is similar. But, upon closer
examination you’ll notice some differences that become quite apparent at major turns in
the market. More importantly, it is linked to two of our other indicators that are used to
color the price bars. In a way, it is a little redundant, but by plotting this as a histogram
we can get a better idea as to when the color of the price bars will probably change.

We can discern this by looking for BULLISH or BEARISH divergence on FAST3.

Study that chart above and notice the areas I’ve marked. Notice how prices were making
higher highs but FAST3 failed to confirm that rally. IT was actually making a LOWER
HIGH and starting to DIVERGE from the direction prices were heading.
Does divergence mean we should abandon our position? NO! It is merely a warning that
the strong momentum acceleration is beginning to wane and a reversal may develop short
term. You should tighten your trailing stops when you notice bullish or bearish
divergence on FAST3. Notice how the price bars turned yellow where I’ve marked
divergence on that chart. FAST3 turned from BLUE to RED and the price bars turned
from BLUE to YELLOW and started closing below that white line ( A900 ). Now
THAT’S WHEN YOU CUT BAIT ON ANY LONG POSITION.

If you look at the left side of that chart you’ll notice that shortly after the rally got going,
FAST3 started to reverse direction and drifted down towards 0. It stayed blue though and
the price bars stayed blue. It was a warning but nothing else confirmed a possible
reversal, so you tighten up your trailing stop. Now look what happened up there at
664.60. Price bars TURNED YELLOW and FAST3 TURNED RED. That is what you
consider THREATENING and that’s when you cut bait. When we have MORE THAN
ONE THING warning us … that’s when we head for the sidelines. Think of it this way.
The sky can be overcast but you can still play golf. But, when you see lightening bolts
and rain … well, who wants to get fried on the ninth green?

Now look at the right side of that chart as the market bottomed out and a new rally
developed. FAST3 was red but notice how the red vertical bars were getting shorter and
shorter. In fact, if you draw a line under those vertical bars you can see the slope is
heading back up to 0. Prices were making lower lows but FAST3 was going back up.
That BULLISH DIVERGENCE between FAST3 and prices was a visible warning that
we were getting close to a price reversal. You tighten your trailing stops when you see
that pattern if you are short. Soon thereafter, we got the RALLY PATTERN that you’ll
see hundreds of times.

FAST3 turns BLUE and the price bars turn YELLOW. The bears are finished. Right
after that … BOOM… price bars are BLUE, they’re closing above A900 and A900 is
crossing back up above AUTOSTOP. FAST 3 is BLUE, price bars are BLUE, A900
above AUTOSTOP and price bars are closing above A900. “Well HEY, don’t just stand
there … BUY THE DARN THING!” We have MOMENTUM ALIGNMENT and it’s
time to buy. Study that chart carefully.

Go to INSERT ANALYSIS TECHNIQUE. Left click on S_TSKPMRANGEHISTC.

You’ll need to use the thickest weight setting on this one and leave it in sub graph 3 as a
histogram. We call this indicator the SNAPBACK indicator. By thickening the plot to the
maximum thickness it looks like a color ribbon.
As we’ve mentioned many, many times in our chat room and on our video’s the market
rarely moves straight up or straight down. It moves in fits and spurts. Sometimes the
swings are strong enough to give us a color change and we can see a stair step pattern up
or down within a trend. Other times the market seems to stall temporarily and then
resume it’s trend with vigor. Those temporary ‘stalls’ are what we call SNAPBACKS.

In an up trend prices seem to stumble and fall back down a little and then SNAPBACK
up with some power in the direction of the rally. In a downtrend it’s just the opposite.
Prices pop back up temporarily and then collapse again making lower lows … a
SNAPBACK into a declining market. A SNAPBACK pattern is a small V or inverted V
price bar pattern. Think of a slingshot. Prices recoil in the opposite direction and then
POP forward very quickly in the direction of the trend. SNAPBACK patterns are
alternate entry points within a strong move, another way to get a piece of the move or add
to an existing position.

Usually, about the time you get up to go to the bathroom or go get another cup of coffee,
the market takes off. You come back to discover that you’ve missed the optimum entry
point on a very strong move. When that happens there are two choices for you. One
choice is to swear, go out and kick the neighbor’s dog and wait for another trade to set
up. The other choice is to examine the strength of the move and look for an alternate
entry point. The SNAPBACK indicator is designed to help you identify those ‘alternate’
entry points within a move up or down.
WHAT IS S_TSKPMRANGEHISTC?
This indicator is keyed to the relationship between the midrange of the current price bar (
(High+Low)/2 ) and two other indicators. S_TSKPA900 and S_TSKPTIGHTSTOP.
Whenever the midrange of the current price bar is greater than both indicators the
SNAPBACK indicator is BLUE. When the midrange is greater than one, but less than the
other the SNAPBACK indicator turns WHITE. Once the SNAPBACK indicator turns
back to BLUE again and you have a BLUE price bar … you BUY.

On the chart above study the areas marked on the left side during the first rally. The price
bars stayed BLUE all the way up, but at two points in the move they ‘stuttered’ and
drifted lower before the bulls charged in again. The SNAPBACK indicator changed
colors from BLUE to WHITE and back to BLUE again when that happened. As long as
the price bars don’t turn from BLUE to RED in a snapback pattern you can BUY again
when the SNAPBACK indicator turns BLUE again.

A selling snapback occurs in a downtrend and as long as the bars don’t turn from RED to
BLUE, you sell when the SNAPBACK indicator turns RED again after being WHITE.
Study the SELLING SNAPBACKS marked on that chart. You’ll notice that our color
scheme is uniform and very patriotic I might add. Red, White and Blue with a little
YELLOW thrown in every once in awhile. There is a reason for this. As a trader focused
on day trading, you don’t have the luxury of time to analyze all conditions present and
make a decision. The market is moving and some times it moves quite dramatically. Look
at that last rally on the right side of the chart. Straight up like a rocket ship. By the time
you examine all of your Gann angles, Fib ratios, Wave counts and on and on … the move
is over. This is like a shooting gallery. A target POPS UP and you must be prepared to
take the shot … or go pour another cup of coffee.
By using a uniform color scheme a trader can, at a glance, determine market strength or
weakness. Look at that chart. When everything is RED the bears have control, when
everything is BLUE the bulls have control. “You gotta know when to hold em’ and know
when to fold em’ and you don’t have 20 minutes to make up your mind! We call those
settings on the chart above PROFILE 1 save them and learn how to read the market
using that combination of indicators.

Dick Rascdorf is a principal and the Treasurer for TS LEASING GROUP, the distributor
of Kwik*POP software. Every day, from 9:30 AM to 4:15 PM he broadcasts a live, 150
tick chart of the Russell mini futures contract in our chat room using PROFILE 1. He
marks up the pivot patterns and snapbacks identifying the BUY and SELL signals using
these indicators. If you really want to learn how to use PROFILE 1 on the Russell we
encourage you to come into our HotComm chat room and WATCH LIVE CHARTS.

The HotComm room is RELAY 1: KWIKPOP and there is no password so anybody can
attend.

Earlier I said these indicator work on any time frame on any security. Since this
document is now about 15 pages long, I’ll just show you a SNAPBACK pattern on a
DAILY chart of the Russell Futures contract. Study the chart below. Those are daily price
bars. SAME GAME … DIFFERENT TIME FRAME
 SUMMARY INDEX

List of Kwik*POP Formulas that Create the Profile 1 Chart

Indicators

S_TSKPA900 White Line on Price Bars

S_TSKPAutoStop Yellow Line on Price Bars
S_TSKPFAST3 Red and Blue Histogram in 2nd Subgraph
S_TSKPMRangeHistC Red, White and Blue Binary in 3rd
Subgraph

Showme
S_TSKPCombo Red and Blue dots above and below Price
Bars.

Paintbar
S_TSKPScordCardColor Red, Yellow and Blue Bar Colors

Installing the Indicators, Paintbars & Showmes

Indicators
Right click on the screen, click on Insert Analysis
Techniques and select each of the following:
S_TSKPA900
Use default settings and under Scaling use
“Same Axis as Underlying Data”

S_TSKPAutoStop
Use default settings and under Scaling use
“Same Axis as Underlying Data”

S_TSKPFAST3
Under Style set for 3rd weight
Under Color set
Fast3_1 as Red
Fast3_2 as Blue
Under Scaling set
SubGraph to 2
Select scale on Right Axis

S_TSKPMRangeHistC
Under Style set for next to widest weight
Under Scaling set
SubGraph to 3
Select scale on Right Axis
Paintbar
Right click on the screen, click on Insert Technical
Analysis and select the following:
S_TSKPScordCardColor
 Use all of the default settings except set
to 4th weight

Showme
Right click on the screen, click on Insert Technical
Analysis and select the following:

S_TSKPCombo
Under Inputs change the value to .05
Under General uncheck Update Value
Intra-bar
 RASCHDORF RULES
( Dick’s method for using the PROFILE 1 settings on a 150 tick chart of the Russell
futures. This method is demonstrated in our HotComm chat room every day )

Basic Signals

!
" ! !
# !

" ! ! !
# ! !

What are the 3 most recent pivots?

The rules are as follows:

Buy signal
A higher low is in place
Blue dot below a bar
The bar is an up or dojii blue bar
Fast3 is blue

Sell Signal
A lower high is in place
Red dot above a bar
The bar is an down or dojii red bar
Fast3 is red

Snapbacks
How many times have you either missed an entry or covered your
position only to have the market continue in a strong trend. Finally
you decide to re-enter the market only to have it immediately
reverse, stop you out and then continue on the original path. You
can use the snapback indicator to enter at the correct time.

Snapback Buy Signal

Snapbacks are the only time we use
S_TSKPMRangeHistC. When the market is in a
strong rally we observe MR. It will go from blue to
 white and back to blue. The bar on which it turns
back to blue is the trigger bar to re-enter the market
with a buy.

Snapback Sell Signal

When the market is in a strong selloff we observe
MR. It will go from red to white and back to red.
The bar on which it turns back to red is the trigger
bar to re-enter the market with a sell.

There is one other time we can use the snapback signal produced by the
MR indicator. As an example, we are in an uptrend and the market
retraces as expected only to continue in a downtrend without any
indication that this was going to happen. Once the prices close below the
most recent low we know at that time we will eventually form a lower
low—we don’t know when or where but only that we are now in a
downtrend. Now we can use the MR indicator. When it goes from red to
white back to red, that is the trigger bar for a short signal. Just the
opposite applies for reversal off a low pivot.

$
% & '
easysgnl@bellsouth.net

or

Kwikpop@comcast.net