JFTSZones
This indicator is the core of JFTS, identifying and calculating a series of market forces and behaviors such as resistance, support, trends, pullbacks, ranges, etc., generating the so-called buy and sell zones. JFTSZones includes the JFTSBookPressure indicator and has all the necessary features for developing the JFTSSignals indicator and the JFTSAutoTrader strategy, or your own strategies if desired.
Analysis
- In the chart, (1) is a bearish zone, whose value is = -1, and (2) is a bullish zone, whose value is 1.
- The other areas are undefined zones, with a value = 99.
- In (3) we have the beginning of a bearish trend, which ends at approximately 12:29 p.m., when the bullish zone (4) began.
- Note in (5) and (6) the moving averages that represent resistance and support, resulting from pullback movements.
- In (8) and (9) respectively, resistance and support lines generated by the JFTSBookPressure indicator.
- These lines are defined by the High of the last top and the Low of the last bottom of the JFTSBookPressure indicator, respectively the BookPressureTop and BookPressureBottom plots.
- At the bottom of the chart is the toolbar, a legacy of the programming, which shows various patterns used in JFTSAutoTrader and assists in the analysis of market forces.
Applying JFTSAutoTrader.
Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.