TO GET THE 3X3
#1 - Click on Charts - Here
#2 - Click on - Primary Overlay
#3 - Click on - Off Set Moving Average Reg 20,6
#4 - Change the parameters to 3,3
#5 - And that should give you a 3X3 on the chart
THE 3x3 SHORT TERM INDICATOR
This is a 3 period simple moving average of the closes - displaced 3 periods.
Displaced means moved forward - 3 periods.This indicator is another good way to see the short term trend
#1 - Above the 3X3 is bullish
#2 - Below the 3X3 is bearish
The 3X3 is a good indicator to use for buy and sell signals.
THE BUY SIGNAL
#1 - When you think it is time to buy
#2 - And the market closes above the 3x3 offset moving average
#3 - Buy just above the high of the bar that closed above the 3x3
#4 - The stop if wrong is the low just made
THE SELL SIGNAL
#1 - When you think it is time to sell
#2 - And the market closes below the 3x3 offset moving average
#3 - Sell just below the low of the bar that closed below the 3x3
#4 - The stop if wrong is the high just made
On this chart of CT Bancshares the 3X3 caught the swings almost perfectly.
The 3x3 caught all the short term sell signals on the strong downtrend early on this chart.
When the trading range came to an end the 3x3 gave a good buy signal.
We have to combine this short term indicator with other indicators but for short term entrys at the right time this is a good indicator and one you may want to use.
The 3x3 sold the short term pivot points to perfection on the strong downtrend on the SP between May and July.
