The Stars Align indicator is a must have for traders. It is a momentum based indicator which does exactly what it’s name implies – it tells you when the stars (or in this case varying time-frame momentum oscillators) are aligned. The indicator will display 3 dots for every single candlestick. These dots represent the 3 different time frames in which remeasure momentum – the short term momentum, intermediate momentum, and the long-term trend. The indicator will automatically measure these 3 momentum and paint the corresponding dot either blue or red.
A red dot means that momentum is negative for that timeframe. A blue dot means that momentum is positive for that time frame.
Knowing what the short term,intermediate, and long-term momentum’s are at any given moment is imperative for trading, especially when using day trading and swing trading strategies. Before entering a trade long make sure that all 3 dots are blue, so that you have the highest probability of stock price going up. If you are trying to short stock, all 3 dots should be red.
If at any time you see a mix of blue and red dots in a single column you should not trade the stock, as the stars are not aligned and your chances for success aren’t nearly as high as they could be. Only take a trade when the stars align!
This indicator is especially useful in conjunction with the squeeze trade, as it will quickly tell you underlying momentum going into a squeeze which will allow you to determine whether it is a viable squeeze trade opportunity or a false squeeze trying to bait you into a losing trade!
Works with Futures, Forex Currency Pairs, and Stocks
Works with the Think Or Swim trading platform
Note: All customers will receive future updated versions of this indicator free of charge as soon as they are released (via email). Emails will not be used for marketing purposes or advertisement, customer emails are only used to distribute software updates. Software is updated typically once per quarter in order to keep it relevant to today’s markets.