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TAS Navigator + TAS Ratio + TAS Yield Zones [TASMarketProfile]

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This bundle of 3 TAS Market Profile indicators reveal when markets are gaining momentum, exhausted and reaching critical overbought/oversold conditions. The indicators display on a space-saving bottom pane and provide multi-perspective analysis that yield confidence in what direction to trade and when. The TAS Navigator, TAS Ratio, and TAS Yield Zones can be applied to any financial market such as stocks, ETFs, futures, Forex and digital currencies.

∟ ABOUT TAS NAVIGATOR:

TAS Navigator is a versatile indicator that combines several signals to help you manage your trades and avoid unfavorable situations. At a glance, the Navigator can provide the trader with useful information about underlying trading conditions for any time frame chart. The Navigator is comprised of three primary components – the histogram, the moving average and the zero line.

The histogram consists of the vertical bars plotted above and below the horizontal “zero line.” The bars are color-coded to provide the following information:

NEON GREEN / RED – The directional move continues to gain momentum.
DARK GREEN / RED – The buying or selling momentum is falling off.
MAGENTA – Exhaustion warning and the move has reached “peaking” conditions that may be difficult to maintain. Markets are likely to run sideways for a period of time or a direction change may be near.

The moving average (MA) is the blue line that travels horizontally across the Navigator and provides a relative measure of the overall levels of buying or selling. You will notice that the dots capping the histogram bars change from green to red as they move above or below the MA. The color of these dots tells us the following:

GREEN DOTS – The buyers are currently in control.
RED DOTS – The sellers are currently in control.

The zero line is the horizontal line around which the histogram plots. It provides a reference point for the larger momentum shifts. It is color-coded in the following manner:

CYAN – The current market phase is trending / unbalanced.
YELLOW – The current market phase is sideways / balanced.

INTERPRETATION AND RULES:

The TAS Navigator’s inherent ability to visualize the overall pulse of the market can inform your trading decisions in several ways:

>>> If the histogram is neon green or red, the trader should look for trading opportunities in the appropriate direction (green = long; red = short) and hold for increased profits as long as the bars remain neon green or red.

>>> If magenta bars appear, the trader knows to tighten stops and look for profit-taking opportunities because the trend has reached peaking conditions.

>>> When the histogram switches to dark green or red – indicating momentum is slowing – the trader can look to tighten stops and consider technical areas for reentry.

>>> Once the histogram crosses the MA and the capping dot changes to the opposite color of the histogram bar, a trader knows that they can begin looking for countertrend trade opportunities.

>>> Most importantly, until that dot changes color, the trader knows that the odds do not favor looking for trading opportunities against the current trend.

>>> The relative peaks of the histogram bars can also provide valuable information. As consecutive histogram peaks move further away from the zero line, price should extend the trending move. When consecutive histogram peaks become closer to the zero line, the price should create a lower high or higher low soon.

>>> A trend line connecting histogram peaks can be used to identify trading levels based upon momentum reaching the necessary level to touch the projected trend line.

>>> Trading opportunities can also be found when divergence occurs between the histogram and price. For example, consecutive histogram peaks move further away from zero line, but price cannot extend the trend.

∟ ABOUT TAS RATIO:

TAS Ratio is a leading indicator which helps forecast short-term price movements. It is best used for gauging targeted areas for entry and exit points. It was designed to identify when price movement is confirmed by volume and volatility as well as when market moves lack momentum, conviction and follow through. TAS Ratio levels are determined by a defined time within a 24-hour period and applicable for intraday charts only. The analysis can be applied to any liquid financial instrument and provides target trading zones in either direction.

INPUT SETTINGS FOR TAS RATIO:

There are 3 inputs for TAS Ratio and below you’ll find the default settings:

Ratio RangeBars: 10
Ratio AverageBars: 3
Ratio MABars: 3

>>> Ratio RangeBars – Sets the desired lookback period. Default = 10.
>>> Ratio AverageBars – Sets the smoothing factor and should be the same as MABars setting. Default = 3.
>>> Ratio MABars – Sets the smoothing factor and should be the same as AverageBars setting. Default = 3.

CONFIGURATION NOTES:

As a rule, the RangeBars period should be twice (or more) than the AverageBars and MABars setting. Remember that the AverageBars and MABars settings should be equal. For example, 6/3/3 or 8/4/4 would be minimum separation.
Faster time charts may prefer slower indicator settings for smoother readings. For example, on 30-minute charts or lower the settings for RangeBars period and AverageBars and MABars could be 10/5/5 or even 16/8/8 respectively.

TAS RATIO DISPLAY:

TAS Ratio – Displays more volatile orange-colored line
Moving Average – Displays smoothed moving average purple-colored line

Note that the default colors can be adjusted in the Style settings.

INTERPRETATION AND RULES:

TAS Ratio is displayed on the same pane and scale as TAS Navigator in which readings of +40 is considered overbought and -40 is oversold.
TAS Ratio is especially effective when traders are aiming to time entry points into emerging intraday trends which can be observed when the price is making new “higher lows” or alternatively when price is making new “lower highs.”
TAS Ratio is a sensitive indicator by nature and should be viewed as a tool for fine-tuning a more granular entry or exit within the scope of other TAS Indicators.

TAS Ratio is useful in confirming when price may be at an area of divergence to locate and target higher probability entries and exits.
In general, price should move freely in the same direction of the indicator and in a proportionate range of movement.
When price fails to move proportionately, as much as TAS Ratio moves or stalls, this divergence alerts you to focus on immediate areas of support and resistance.
When price stalls and TAS Ratio does not stall, this is an indication to seek confirmation for a valid counter-trend trading opportunity.
Pay attention to TAS Ratio (orange line) crossovers above and below the Moving Average line (purple line), but also observe the trajectory and whether the Ratio line is pulling away and creating greater distance from the Moving Average line. Increasing distance is a sign of strength of move in that direction.

∟ ABOUT TAS YIELD ZONES:

TAS Yield Zones provides a valuable visual warning via a yellow background color when TAS Navigator and/or TAS Ratio indicators are exceeding specific overbought or oversold threshold lines dictated by the user. The indicator is visible in the same bottom pane as these two indicators. The user controls how extreme of the overbought or oversold condition they mandate in order to trigger the “Yield Zone” warning for each indicator based on the inputs for the TAS Yield Zones threshold lines.

INPUT SETTINGS FOR TAS YIELD ZONES:

Within the Input settings, you can activate or deactivate the visibility of TAS Yield Zones for TAS Navigator or TAS Ratio. By default, both will be visible. There are 4 inputs for TAS Yield Zones and below you’ll find the default settings:

Yield Zones Nav Overbought Line: 40 (red line by default)
Yield Zones Nav Oversold Line: -40 (green line by default)
Yield Zones Ratio Overbought Line: 40 (gray line by default)
Yield Zones Ratio Oversold Line: -40 (gray line by default)

The farther away the Inputs are from the 0 line, the stronger the move must be bullish or bearish in order to get to the threshold lines. For instance, Inputs of 50/-50 would require a more substantial move than 30/-30 settings. Additionally, the user can adjust the coloring of the TAS Yield Zones inside the Style settings.

TAS Yield Zones are best used in conjunction with TAS Navigator and TAS Ratio so the user can visually see when the threshold lines are near being approached and exceeded. When all three indicators are visible on the pane, you can see when there is a confluence of overbought or oversold conditions simultaneously on both TAS Navigator and TAS Ratio indicators and when exhaustion warning conditions are present. When these three conditions occur, there is a likelihood that a move in the opposite direction (or at a minimum a sideways condition) may be near.

Trade Well My Friends,

版本注释

MAJOR BREAKTHROUGH REVISION FOR TAS NAVIGATOR: In this revision, we modified the TAS Navigator indicator so that the outputs will dynamically update intrabar to the most recent data. Previously the outputs would update at the close of the most recent bar. This is a powerful new advantage for users. You will now see TAS Navigator display the most up-to-date outputs intrabar and fluidly adjust with the inflow of new market data. The result is you will observe the histogram height moving up and down intrabar as well as all associated outputs derived from the histogram such as the histogram coloring, dots, etc. As is the case with TAS Ratio indicator that shares the same display pane, TAS Navigator now provides the user with valuable timely intrabar analysis and ability to assess the output trend and tendancy prior to finalizing the output at the bar close. Great work, TAS Product Team, and cheers to all users for having a more powerful TAS Navigator to leverage daily.