Simplertrading – Micro-Futures Formula (Elite Package)
- The 10X bars will plot green, yellow, or red based on the underlying calculation of the ADX and DMI indicators.
- Green bars indicate conviction and trend to the upside.
- Red bars indicate conviction and trend to the downside.
- Yellow bars indicate no strong directional conviction.
- Bars that show a dot indicate 30% above average volume on that time frame, indicating stronger conviction to the trend.
- For yellow bars, we want to either avoid those setups or trade them in a non-directional manner until directional conviction is stablished.
- We want to trade in the direction of the 10X Bars as that gives us the best probability of success in a trade.