Following yesterday’s post Can Your Software Do This?, This is the chart brewed by r.Virgeel after the close, with today’s action after almost three hours of market opening.
This chart, compared to yesterday’s one, shows very well what I mean when I say that the model is adaptive and responsive: After two bars of alert, r.Virgeel has fired a reversal warning, that suggests an optimal bar for entering long (in this case).
As may see, It’s simple and effective. And it’s surprisingly precise.
If your software can do this, you do not need r.Virgeel’s hints.