RLT Optimized Software System
RLT Optimized Software System
RLT Optimized Software System
The software system is predicated on the fact that only indicators that utilize
multi-time frame analysis have true forward-looking ability.
Our Indicators that assess money flow look at the multi-time frame analysis of
markets different than the one that you are trading.
This very complex software program that possesses incredible precision via the
use of its complex analysis projects all its data into an intuitive workspace that is
easy to interpret.
PIVOT INDICATOR
Pivots delineate significant areas of buying or selling pressure. When price
approaches a red pivot, we know that it will soon encounter significant selling
pressure. When price approaches a green pivot, we know that it will soon
encounter significant buying pressure.
Right Line Trading software create pivots at the correct area. Most other software
gets it wrong. Japanese Candlestick Rules state that pivots are created at the
candle-body high/low not at the wick high/low. Japanese Candlestick Rules also
state that a pivot is only broken when it is breached by 2/3 of a candle body, not
just by one or two ticks.
Just watch the Right Line Trading pivots and they will delineate prefect areas of
support and resistance.
LEVELS INDICATOR
Gold Line Dashed – Volume Weighted Average Price (VWAP)
Purple Line Dashed – Current Session Price Open
Purple Line Dashed-Dot - Previous Session Price Close
Each of these levels represent areas of significant support and resistance.
RIGHT LINE VOLUME (RLV)
Standard volume indicators create a volume histogram under each candle or bar.
The histogram represents the amount of volume accumulated under each
formation. This is not an adequate representation of volume.
Volume should not be dependent on the rate of candle formation to create its
value. In a slow market, a disproportionate amount of volume will accumulate
under a candle.
Our volume indicator shows the number of contracts, lots or shares traded per
unit time. It gives you an absolute volume value.
ORDER-FLOW INDICATOR
Indicator does a multi-time frame assessment of market delta values and places
them in 15-period SMA’s.
When both SMA’s are sloping up the order-flow line becomes green, denoting
significant buying pressure in the market. When both SMA’s are sloping down the
order-flow line becomes red, denoting significant selling pressure in the market.
When the SMA’s do not correlate in direction then the order-flow line becomes
yellow.
MODIFIED LAGUERRE OSCILLATOR
Of all the oscillators the Laguerre does the best assessment of momentum. Our
Laguerre has been modified to trace out a smooth %K that is also very sensitive to
price movement.
The Long-Term Laguerre does a multi-time frame momentum assessment of
higher (longer) term time frames
The Short-Term Laguerre does a momentum assessment from price on your
trading chart. Green arrow (up) is created when the Laguerre line crosses up past
the 20 line. Gold arrow (down) is created when the Laguerre line crosses down
past the 80 line
When both Laguerre’s align, they give you an absolute direction to trade.
CONTINUATIONS INDICATOR
Indicator does a multi-time frame assessment of price action and market
structure (2 higher time frames) to provide you will low-risk, potential high
reward entries on your trading chart. This a very powerful software generated,
entry signal.
BACKGROUND BIAS INDICATOR
This indicator is one of our most powerful. It does a multi-time frame assessment
of trend and looks at their alignment. When the two higher times frames (from
your trading chart) are aligned strongly to the downside background bias is pink.
When have moderate alignment to the downside background bias is bisque.
When they are weakly aligned to the downside background bias is pink. When the
two higher times frames (from your trading chart) are aligned strongly to the
upside background bias is green. When there is moderate alignment to the upside
background bias is cyan. When they are weakly aligned to the upside background
bias is light blue. When there is no alignment background bias is clear and this
defines a very risky time to trade.
QUANT LINES
Quant Lines are unique to Right Line Trading and one of its breakthrough
achievements.
The quant line assesses the trend of 3 or more markets that correlate in direction
with the market you are trading. It does in fact, create a powerful neural net that
serves to track money flow.
The indicator is based on the principal that no single market moves in isolation.
That all markets are interlinked in one way or another, some very tightly and
others more loosely.
Each individual financial instrument has its own unique quant line.
RL DOTS
The “DOT” system which appears on the chart as a series of small circles and X’s
also analyze the trend of correlative markets. It is the second and more sensitive
component of the neural net that we create. The indicators job is to determine
the direction of institutional money flow. The darker the small circles or X’s, the
more powerful is the overall trend.
TRADE SET UP EXAMPLES
EXAMPLE #1
Pull Back and reentry into a confirmed trend
1. Quant Line – red- Money Flow Negative
2. “Dot” Indicator – Dots and X’s dark red - Money Flow Negative
3. Laguerre – Short Term – Momentum Down
4. Laguerre – Long Term – Momentum Down
5. Order-Flow – Candle Halo Magenta – Selling Pressure
6. Background Bias – Red – Multi-time frame trend strongly down
7. Modified Fast and slow-moving averages – Sloping down (RED)
EXAMPLE #2
Continuations Signal Entry – Beginning of trend
1. Quant Line – green - Money Flow Positive
2. “Dot” Indicator – Dots and X’s dark green - Money Flow Positive
3. Laguerre – Short Term – Momentum Up
4. Laguerre – Long Term – Momentum Up
5. Order-Flow – Candle Halo Blue – Buying Pressure
6. Background Bias – Green – Multi-time frame trend strongly up
7. Modified Fast and slow-moving averages – Sloping up (green)
8. Continuations Signal – Present
EXAMPLE #3
CHOP – NO TRADE
1. Quant Line – yellow and green - Money Flow Fluctuating
2. “Dot” Indicator – Dots and X’s dark green – Present and absent
3. Laguerre – Short Term – Momentum Up and Down
4. Laguerre – Long Term – Momentum Up and Down
5. Order-Flow – Candle Halo Blue and Magenta– Buying Pressure and selling
pressure
6. Background Bias – Clear – Multi-time frame trend has no alignment
7. Modified Fast and slow-moving averages – Sloping up, down, sideways