*Special Discounted Price*
LT Sigma Chart Indicator
Understanding the Charts
The sigma chart indicator can identify the probability of whether price has become extremely “overbought” or extremely “oversold”. Sigma is a measure of standard deviation, which is what this indicator uses. Usually when price moves 2 or 3 standard deviations beyond the mean average, price can often become over-extended e.g. extremely overbought or oversold. This can indicate a higher probability of a reversion to the mean. In some circumstances, such as when the momentum is strong, it is possible for the price to ignore the extreme red sigma zone and continue moving beyond the red sigma zone – hence the risks. We prefer to use LT sigma with momentum – i.e. the sigma wave momentum which is included. The sigma wave momentum is a simple momentum based indicator which can help show us the likely path of least resistance and the strongest trend. Therefore, to further increase probabilities, we prefer to use sigma with sigma wave momentum, which can act as a sigma “filter”.
The elliott wave chart indicator will work on the chart softwares of MT4, Esignal, Ninjatrader, Tradestation and now on Tradingview charts. Indicators will be delivered with easy install instructions.
All our chart indicators and video courses, including that mentioned above and any updates, are intended solely for education purposes (e.g. to increase your knowledge, learning and understanding of technical analysis) – they should NOT be construed as a recommendation to buy or sell any securities, stocks, futures, currencies, cryptocurrencies or commodities. Under no circumstances should the signals, labels, alerts, patterns or data of the indicator be construed as a recommendation to buy or sell any stock, currency, index, ETF, options, futures, CFDs, cryptocurrency or any security or market (as mentioned). The Company does not bear any responsibility for how you use the indicator or any of our indicators. Trading has large potential rewards and also large potential risk.