The Convict is running for his life. Does not want to be caught. He is also known as the PRICE BAR.
This is THE COPS indicator which includes the famous duo, Dog and Sheriff. They work in close harmony. The Dog swings wide when The Convict begins to run. Be cautious when they are close to each other, wait for the separation before considering a trade. The individual COPS are running along the bottom of the chart, they measure the momentum of a Convict run. The steeper The COPS are moving, the better the momentum The Convict is exerting.
Putting The Cops as the data source in The Angler allows you to set the angle that you want their colors to change from neutral (grey) to UP (green) or DOWN (red). Doing this allows you to fine tune the sensitivity of the turns.
COUPLE OF THINGS
FIRST: SOMETIMES THE ANGLER WILL APPEAR AS ONE COLOR. THIS MEANS IT NEEDS RECALIBRATION. GO INTO THE INDICATORS PROPERTIES WINDOW, SELECT THE ANGLER, SCROLL DOWN TO ‘RECALIBRATE NOW’ AND CHECK THE BOX, THEN CLICK ‘OK’, INSTEAD OF ‘APPLY’.
SECOND: THE INDICATORS ARE SIMPLE IN LOOKS, BUT THEY ARE EXTENSIVE IN DATA PROCESSING. PLEASE GIVE THEM AMPLE TIME TO LOAD.
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