Chart signals - trend flip, structure break, VWAP reclaim and exhaustion
The fourth group in the indicator picker is Signals: buy and sell arrows, drawn on closed candles only, so an arrow never changes once it is drawn. There are four of them, and you can show any combination.
In this video
The 30-second version
The same topic in thirty seconds, made for a phone screen.
Both videos use AutoScanTrade Lite in paper mode with made-up symbols and prices.
Read the transcript
Arrows on the chart
The fourth group in the indicator picker is Signals: buy and sell arrows, drawn on closed candles only, so an arrow never changes once it is drawn. There are four of them, and you can show any combination.
Trend flip and structure break
Trend flip uses Supertrend ten, three: an arrow when the trend flips direction. Structure break uses swings of five candles: an arrow when price breaks the last swing, marked BOS, for break of structure.
VWAP and exhaustion
VWAP reclaim or loss: an arrow when price takes back the VWAP, or loses it. Exhaustion count nine: a count of candles in one direction, with an arrow on the ninth, marking a move that may be running out of steam.
Hear them
Each signal can also ring a sound: a buy signal, a sell signal, and a chart turning against a stock you hold. Set them in the SOUNDS window. In Lite, the SOUNDS button sits on the windows row.
Arrows to read
In Lite, the arrows are there for you to read: nothing is traded on them for you. Use them beside the ladder and your own judgement, and try them in paper first, to see how they behave on the stocks you trade. The full desk adds BUY ON CHART SIGNAL, which can enter on an arrow you pick.
Tools, not advice
Like every indicator, the arrows are tools for your own reading of the chart. None of them is a recommendation, and none of them is right every time. Test them in paper first. Paper mode trades against the live prices, with a virtual wallet.