More Indicator Tips
Predictions using Sequential and Combo

Time Period  Sequential and Combo both mark 'price exhaustion' levels on charts of any time period. Like many indicators, coincident signals on daily and weekly charts, or weekly and monthly charts, for example, often give a good clue about the next directional move.

Here is an example of Combo marking a recent top on a daily, weekly and monthly chart of the DIA ETF.

An easy way to do this with GRAFster6 is make a Chart Group consisting of a daily, weekly and a monthly chart, each of which has the indicators you want. You can easily load then scrutinize them side by side.

Setups  The chart on the left is an example of successive sell setups with their corresponding Setup Trend support lines. The completed 13 Sells are circled because they occur on the 9th setup bar. The 'confluence' of signals is often a good indication that something is about to change.

GRAFster6 lets you choose between always restarting a countdown (a 'recycle') that is in process when a new setup in the same direction is encountered during strong trends, or continuing the prior countdown. Regardless of which setting you select, a completed 13 countdown that occurs on the 9th setup bar is always shown. The example chart shows one good reason for doing so.

Sequential Qualifiers  The chart on the right shows an instance where the 13th countdown bar is reached but the countdown has not been marked as completed (no red arrow). GRAFster6 uses the Sequential recipe that requires the 13th countdown bar High be >= the 8th countdown bar Close for a sell signal. Similarly, in the case of a buy countdown, the 13th countdown bar Low is supposed to be <= the 8th countdown bar Close. This requirement and it's variants is sometimes referred to as a 'perfected' countdown.

You may choose to ignore these 'qualifiers' and consider a countdown complete when the 13th countdown bar is reached regardless of its position with respect to the 8th countdown bar. In this case doing so paid off. These rules are not engraved in stone.

1-2-3 Top  This is an example of a classic 1-2-3 Top pattern using Support and Resistance lines. Point #1 marks the recent Minor High prior to the Highest High at Point #3. This is confirmed as 'the High' when price falls thru the recent support level marked by the Minor Low at point #2. This completed pattern suggests that a trend reversal has taken place.

Incidentally, Sequential and Combo both marked a completed Top  countdown near the High - Point #3 - as well, giving an advance tip that buying is about finished.

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