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Expand the capabilities of A.R.T. with these additional indicators designed by Bennett McDowell to give you greater insight into and help you find better trades
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Bennett McDowell has created these additional indicators to give you even more tools to help you grow your profits.
You can use each of these indicators as a stand-alone trading tool, or combine it with A.R.T. They can be used for stocks, commodities/futures, Forex, and options.
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Optimum Wave Locator (OWL) Indicator
The Optimum Wave Locator (OWL) indicator locates and labels the major trade-able waves in markets known as "Impulsive Trends" for the highest profit in the least amount of time. OWL identifies Wave 3 which is the most profitable and powerful wave in the Elliott Wave pattern. It sorts out minor corrections from major changes in trend.
This indicator takes the guess work out of locating the dominant trend and when used with your trading system or approach will boost your profits. With this indicator you also get high probability trend forecasts.
Precision Trend Filter (PTF) Indicator
The Precision Trend Filter (PTF) Indicator establishes when there is a high probability that the market will make either higher highs or lower lows. This filter takes the guess work out and when used with your trading system or approach will boost your profits.
With this indicator you can filter your trades and also determine if you need to "Scale-out" or stay with the trend. ART® Trading Software users will love the PTF because it will help them determine if at times they should "Scale-out" on certain ART® Signals in the opposite direction of the trend! It does not replace the ART® Trading Software but adds to it at times when you may need a second opinion.
TrendLine Master (TLM) Indicator
The TrendLine Master (TLM) automatically draws the right trend lines onto your charts and when used with your trading system or approach will boost your profits. It is actually two studies in one great software package:
- TrendLine Master: Automatically uses key support levels to establish and automatically draw trend lines on your charts
- TrendLine Master Ribbon: Appears as an indicator at the bottom of your chart and indicates current trend at a quick glance
With this indicator you will know instantly what the trend currently is.