The Dynamic Trend Confirmation Indicator

Alphashark

By Alo... on Feb 5, 2021

Alphashark – The Confirmation Indicator

Unlike most indicators which captures price movements "after" the move this indicator speeds up with volatility as price rapidly moves. This produces a dynamic trend wave used to determine entries, exits, and market direction for swing and day traders. Combined with multi-time frame analysis this combo creates the complete trader toolkit when analyzing stocks, options, and futures.

To summarize, I want to have as much confirmations as I can have when making a trade. Kind of like a grand slam.

  • Is price above or below the wave?
  • Is the arrow product signaling buy or sell?
  • Are all the time frames signalling a buy or sell?

If all 3 confirmations are correct I can initiate the grand slam trade!

The wave is a combination of moving averages combined with a volatility study. As the wave trends up the price action turns bullish. As the wave trends down price action turns bearish.

A flat wave = chop. The wave expanding and contracting is the measurement of volatility. This is measured in real time and adapts in real time unlike bollinger bands.

Note: TradeStation and NinjaTrader versions currently available through AlphaShark Trading. The thinkorswim study does not work on mobile devices.

Alphashark – The Dynamic Trend Confirmation Indicator, The Dynamic Trend Confirmation Indicator, Alphashark.

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