Frequently asked questions about Time to Buy or Sell
Last updated
Last updated
Can I use the Time to Buy or Sell indicator on any time frame?
Yes, the indicator is designed to adapt to various time frames, from 1-minute charts to monthly charts. However, it's advisable to adjust the period according to the time frame for the best results.
Does this indicator work in all markets?
As long as there is sufficient volume and price data, the indicator should work in most markets, including stocks, cryptocurrencies, forex, and commodities.
Does the indicator repaint its signals?
No, the indicator does not repaint. Once a column is formed, it remains on the chart.
Can I combine this indicator with others?
Absolutely! In fact, it is recommended to use it in combination with other technical analysis tools for a more comprehensive market interpretation.
Do I need to frequently adjust the period?
It depends on your trading style. If you are a swing trader, you may not need to adjust the period as often as someone who is day trading.
How is the indicator calculated, and what does 'Period' in the settings mean?
The indicator is based on volume analysis and candlestick patterns. 'Period' refers to the number of bars (or candles) the indicator considers for its calculation. A longer period will provide a smoother and less reactive view, while a shorter period will be more sensitive to recent price and volume changes.
Does the indicator produce many false signals?
Like most indicators, "Time to Buy or Sell" can generate false signals, especially in highly volatile or low-volume markets. That's why we recommend combining it with other analysis tools and techniques.
What should I do if the indicator shows green columns but the price is falling (or vice versa)?
It's important to remember that no indicator is infallible. If the indicator shows green columns but the price is falling, it could be a divergence signal. These situations can be valuable for identifying potential trend reversals, but they should always be validated with other indicators or techniques.
Will the indicator work if I don't have volume data, as is the case with some Forex pairs on specific platforms?
The indicator relies in part on volume analysis, so if you don't have volume data, it may not work as expected. In such cases, we recommend looking for a data source that provides volume information or considering another indicator.
Can I modify the indicator's code to suit my needs?
The indicator's code is protected by copyright. If you wish to make modifications, we recommend contacting our support team to obtain the appropriate permission and ensure that any changes do not affect the core functionality.
Is there a recommended period that works better for certain trading styles or assets?
Although the default period is 34, each trader may find a different setting that works best for their style and the asset they are trading. It's important to experiment on a demo account and find the period that gives you the best results.