Proven Strategies That Keep You Ahead of the Market
Power Plays II
New strategies and oscillators give you more power to play with
With 2 complete trading strategies, 4 templates, 2 highlight bars and 10 indicators (including 3 oscillators), the Power Plays II library has everything you need to keep your head in the trading game.
Using indicators to help with trading decisions shouldn’t mean searching for and then writing the code needed to create the indicators. The oscillator tools you need for analysis and strategy development are ready to use right out of the box. The Power Plays II trading library insures that you won’t have to spend countless hours researching and coding oscillator indicators, allowing you to focus on finding trading opportunities.
Designed to work on any market, oscillators when combined with bullish or bearish trends can prove to be big trade makers.
LSS Oscillator -was developed by George Angell and is a great short term indicator when used correctly. With the LSS Oscillator you will look to break out above or below the Pivot lines as long as the oscillator confirms the movement. LSS also has a strength Index indicator which gives a rating to show strength of confirmation.
Point of Balance Oscillator -measures the strength of the current trend.
Chande’s Momentum Oscillator -was developed by Tushar Chande to produce overbought and oversold signals like the RSI and Stochastics.
The LSS Oscillator is located in the middle pane of the chart with the midline set to 50. The color green indicating anything over the midline, with red used to indicate an area under the midline.
The bottom pane of the chart contains the LSS Strength Index, which gives a rating to show strength of confirmation.
Point of Balance Oscillator
The Point of Balance Oscillator, displayed in the bottom pane of the chart, is used as a measure of the strength of the current trend. The color blue indicates a strength measurement above zero, while red is displayed when the measurement is below zero.
Power Plays Chart Template
Buy and sell signals are easily visualized with blue highlight bars to indicate a buy signal and red bars to alert you to a sell signal.
The Power Plays chart template also contains upper and lower power signals, which uses the high and weighted moving average to display a green line.