Koncorde includes a single indicator trend signal with detailed monitoring of the volume and "agree" all that information in a way that is easy to analyze at first glance.
The indicator consists of three areas and five lines: You have to set "green", "brown" and "blue" as histograms and leave the rest as single lines.
How to interpret:
-The brown area is a recipe adapted from my meter Watcher.
-The green area represents the movement of weak hands or small shareholders (retail investors)
When it appears above the brown area, weak hands money is entering the stock, when it disappears behind the brown area, is emerging.
-The blue area represents the strong hands or professional investors. When it is above zero, they are entering the stock, when it is below, they are going out.
Both green and blue show the percentage increase in purchases or sales the previous day. What is important is its inclination and turns.
Now we call "blues"=strong hands, "greens"=weak hands
Example: IBM chart
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Konkorde indicator
Linear Mode
