Tuesday, May 14, 2013

Hear the Market

A great way to study the market with the Market Pace indi.

This indicator was posted on FF and I've used it occasionally to "hear" the ticks. It's sort of like watching the level 2 screen but easier. Since SHF is where I usually go for forex related info, I thought I would post it there.
Set it up on a 1 minute chart and listen as price goes into supply and demand areas, or tests new highs and lows. It will sit there for a while then a big pop can be heard, the bigger the pop, the more points it just travelled.
As I don't tend to scalp very often I don't use this much but I do listen as I do other things sometimes. It sort of tells you when things are heating up....
If you scalp, you might want to try it out.
rooicol wrote this gem.  I you have issues installing there are a few posts on FF that might help. Some users have had difficulties getting the correct sounds to play. Read the instructions and the posts on FF if you have issues. Feel free to post questions here as there are many brains willing to help.
It's attached here so you don't have to go get it.

Disclaimer

The information presented on this site is for educational and entertainment purposes only. This site contains no suggestions or instructions that you must follow, do your own research and due diligence before committing your cash to the markets. Your on your own.