EOTPRO Indicators - Bill's Arrows 4.3.1

Bill's Arrows 4.3 is newly updated and is designed to give aggressive entries in all futures, forex, and stocks. The adapted arrows can be filtered in several ways. These revised filters feature a new chop detection algorithm and the ability to plot arrows within a certain distance to swings, lows and highs by specifying the number of bars after a swing you wish to see - before the arrows are displayed. An updated entry algorithm has also been added to better detect turns to get you in faster.

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Inputs Overview | Bar Time Adjustment | Version 4.1 | Arrow Smoothing

Bonnie's bars are designed to be a trend following system with chop detection properties built in. Bonnie's bars are fully adjustable as far as sensitivity settings. We have alot of clients that really like these bars as part of their trading system.

Chop-o-meter is an indicator that measures the angle of a moving average from a higher time frame. The higher time frame is based on volume bars. This indicator is fantastic for measuring momentum power in a move, and it also keeps you out of chop. If the line is flat the market has no momentum or power, the yellow line moving below the green marker lines indicates a down move, or above the green markers for an up move. The default settings are designed for ES on 3382 range bars.

Cycle Moving Average is a cycle adjusted moving average providing a unique colored representation of market movement. Light green is market is in an uptrend, dark green market is on an uptrend but experiencing a pullback. The opposite occurs for the short side. Magenta and cyan mean the market is in confusion or indecision.

The End of Trend indicator is very useful in helping to identify when the move might be over so you can take maximum profits. When the End of Trend is above 80 the move is signalled to be in a trend. When the End of trend hooks back down the move is over. The best time to enter a trade can be when the End of Trend is at or below 20.

GValu is an indicator that tells you when the market is highly overbought or sold. A cycle-based measurement of extreme conditions. Green when an up move is imminent, red when a down move is imminent. Some EOTPRO clients use this indicator as their main analysis for trading.

Half Cycle is an indicator that measures the cycles in the market so you can accurately adjust other non EOTPRO related indicators properly. For example, the CCI indicator has a default setting of 14, however optimal settings may be between 6 and 12 in a market. That cycle changes all the time and the Half Cycle can help with that. All EOTPRO indicators have the Half Cycle built in to dynamically adjust them automatically.

High Level Chop 1 and 2 are fractal-based algorithms designed to detect chop. When the indicator shows white, the market is likely in a high level chop state, which is cyclical enough to trigger entries on the trading system you are using, but has no continuation. This market state is known as High Level Chop.

Plot Cycles are the magenta dots on the swing-highs and swing-lows of the chart. They provide a visual representation of support and resistance. Consistent calculation of support and resistance is important to any trader. A great tool to help in stop management.

Shelly Volume Commit Paint bars based on the Shelly's volume indicator. These can be used as a replacement for the above indicators to conserve screen space.

These are the most important indicators we use in our analysis. VR4x2 is a self adaptive directional volume indicator. VR4x1 has a length input for smoothing to give you some control. When most of the volume pressure is pointing down, the indicator is red and vice versa for upside pressure. It is best to trade in the direction of Shelly's Volume only. Another useful feature is money management. When already in a trade, if Shelly's Volume hooks against your position, it is very likely the market is going to reverse direction against you.

These proprietary price bars are designed by EOTPRO, they essentially are adaptive range bars. When the market slows down the bars speed up (range becomes smaller) and when the markets speed up the bars get taller (range expands). The bars give us an advantage because they maintain the properties of range bars but adapt to the current market conditions.

Shelly's Volume is one the most important indicators we use in our analysis. This is a self adaptive directional volume indicator. This indicator has no length input. When most of the volume pressure is pointing down, the indicator is red. Vice versa for upside pressure. It is best to trade in the direction of Shelly's Volume only. Another useful feature is money management. When you're already in a trade, if Shelly's Volume hooks against your position, it's very likely the market is going to reverse.

The EOTPRO Vram Bars is a cycle based indicator. This indicator uses market cycles to smooth price action. It can be as reactive or nonreactive as you like. This indicator is a integral part of our analysis because of the cycle component. This indicator can be used as a stand-alone or as confirmation of price direction.