Bulls 'n Bears Advantage
Green Light, Red Light, Blue Light
Advantage Lines
Advantage lines were created in an attempt to help eliminate whipsaw from a short-term moving average trading system. The main advantage of a short term moving average trading system is that it provides early entry signals to potential trading opportunities and trend reversals. This is also the disadvantage to the same system.
Due to the early entry notification, you receive a lot of false signals, better known as whipsaw. To help eliminate many of these false signals, Mr. Turner created the Advantage Lines, which significantly help in reducing whipsaw, but also somewhat delayed the early entry signals. To enhance and help in getting back the early entry signals, the “projection” part of this indicator actually projects forward where we anticipate tomorrow’s lines to be, and let us know if we are “anticipating” a crossover or not.
Example of Advantage Lines
Preferences
Open the Preference tab from the Control Panel on the left of your screen. Select the Advantage Line on your screen. The preferences will appear in the Control Panel. (Once you click on the chart, the Preference tab will go back to chart settings.)
1. Restore Settings: TNT Default will change your settings back to the original software settings. My Default will change current settings to your personalized default settings. Apply To All Charts will apply your selected settings on all open charts. Save As My Default will save your current personal settings.
2. Indicator Line Values: Change the price value by which the indicator is calculated here.
3. Indicator Line Properties: Change the color, style, and thickness of the Indicator lines.
4. Predict Line Properties: Change the color, style, and thickness of the Indicator Predict Line.
5. Buy/Sell Arrows: Turns the display for buy/sell arrows on and off. You also have the option to change the color of the buy/sell arrows.