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de Leon Trend

de Leon Trend

See the MegaTraders de Leon Trend technical indicator on interactive charts now. Click here.

Category: Trend
No. of Plots: 7
Screen Location: Paints bars / candlesticks
Plot Style(s): Bright Red, Mid-Red, Pale Red, White, Pale Blue, Mid-Blue, Dark Blue
Plot Significance: Dark Blue (Very Bullish)...White (Neutral)...Red (Very Bearish)
Details:

Definitively, shows the current market trend.

Indicator Characteristics:

NOTICE: Please pay close attention to the following information as it is significant.

In a bull trend you will see many blue tinted bars which get darker blue as the bull trend intensifies. Most bull market primary cycle highs will have a dark blue colour trend. Subsequently, as the bull market retraces to a primary cycle low, most often the trend colour turns mid-red (rarely bright red). This can be very useful when combined with Fibonacci analysis (and other techniques) to have a greater expectation of when a primary cycle low might occur.

All seasonal cycle highs end on a dark blue bar.

In a bear trend you will see many red tinted bars which get brighter red as the bear trend intensifies. Most bear market primary cycle lows will have a bright red colour trend. Subsequently, as the bear market retraces to a primary cycle high, most often the trend colour turns mid-blue (rarely dark blue). Once again, this can be very useful when combined with Fibonacci analysis (and other techniques) to have a greater expectation of when a primary cycle high might occur.

All seasonal cycle lows end on a bright red bar.