LTTC

Long Term Tone Cross

The Long Term Tone Cross (LTTC) indicator is a custom product developed by our team to combine a mixture of traditional technical analysis concepts.  The indicator uses a mixture of our proprietary moving average with a traditional RSI.

The Relative Strength Index (RSI) is an extremely useful and popular momentum oscillator. An oscillator is a leading technical indicator which fluctuates above and below a center line and normally has upper and lower bands which indicate overbought and oversold conditions in the market.

The RSI is best described as an indicator which represents the momentum in a particular currency pair as well as when it is reaching extreme levels to the upside (referred to as overbought) or downside (referred to as oversold), and is therefore due for a reversal. The indicator accomplishes this through a formula which compares the size of recent gains for a particular financial instrument to the size of recent losses, the results of which are plotted as a line which fluctuates between 0 and 100.

The moving average gives a simple outlook of whether current price action is trading above or below an average price.  This allows for one to see trends forming and the current tone of the market.

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We have plotted a traditional RSI indicator with our proprietary Moving Average to be more useful for Bob’s style of trading.  Since the RSI tends to be a leading indicator and our moving average lags just enough to flush out a good amount of short-term moves, we’ve plotted them together to identify tone changes more clearly. A bullish cross below 50 can be a buy signal and a bearish cross above 50 can be a sell signal, given other technical confirmations. Combine our LTTC with our Melody ADX and actual trade signals can be generated.

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$497, now offered for $297.
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