SLOPE RIDER is the latest technical tool developed to help our traders.It is mostly a slow pace, swing system. The concept behind it is simple: the algo uses proprietary indicators to spot market price divergences.
If market « signal » does not correspond to a certain price movement we have sort of market misfunction so we take advantage of it by trading against it.
Two main functions :
Color bars to signal market divergence and warns of possible potential price inversions. This could be used also as oscillator.
Potential entry signal upon confirmation of beginning of movement.
Works better on smaller timeframes if entries are in sync with the larger timeframe trend.
Use it to complete your analysis, to spot divergences or potential entries.