This is the TiTTs trading system in action. Here we have 4 charts but 2 of the charts are the same i.e. the $ADD chart. The $ADD chart is the Advancer-Decliner chart and shows the difference between stocks that are gainer subtract those that are losing on the NYSE. It gives a good indication whether the market is bullish or bearish.
In the $Tick chart, we see the Tick moving average line kept to be above zero the whole during of the price chart shown. The $ADD chart was above the three moving averages for most part of the time frame.
In the price chart of /RTY, we have the index pulled back at (1) and that would be our Entry point. That happened at about 9:35 pm. For most part of the trade from 9:30 am to 10:30 am EST, the close was above the 8 EMA and definitely above the 21 EMA.
The $Tick and the $ADD (Advancers – Decliners) charts are very useful market internals charts. Other indicators that are used in TiTTs are the LongTide, ShortRipple, ATR Trailing StopLoss, Fibonacci moving averages lines and also the multi-timeframe Squeezes.
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