WT-ES Dashboard

Mk III DASHBOARD

 WT-ES ASSISTANT Mk III

TICKER BOXES on the DASHBOARD will be GREEN or RED indicating the 3 day Gann swing direction.

Green for up and Red for down.

 Report pages are available for tickers - OEX - DJIA - SPX & ES in 5, 10, 15, 1, 3, 30 and 60 minute as well as Daily.

For a two screen system you can DRAG the report window to your auxillary screen and once you have it there key the RED X off and next time when you access a WT-ES report it will go automatically to your selected screen.

 USING the OEX PPT feature:

This feature will read between 1 and 99% either Green or Red - readings of 20-90% are meaningful. Basically it is a mood indicator calculated from the prior days close and monitoring the activity in the blue chip stocks since the market opening.

If the SPX is moving in a positive day session and the OEX is also, the indicator will be GREEN and the reading will tell you the strength of the OEX participation as either Strong (above 70%), Normal (60%) less than full participation (under 60%). If the SPX is on a negative day session the Indicator will be RED. Readings will be more convincing if the SPX change from the previous day is greater than 2 SPX points.

There are 2 very important  strategic situations in which to use this indicator.

1. Market trend is up in SPX from the previous day close and OEX is dominating higher prices.

A GREEN PPT of over 70% -       Trend UP is strong and breakouts should succeed, also 1:1 corrections will be good buying levels.

2. Market trend is down in SPX from the previous day close and OEX is dominating lower prices.

A RED PPT of over 70% -    Trend DOWN is strong and breakouts should succeed, also 1:1 corrections will be good selling levels.

Other situations:

RANGE TRADING SITUATIONS are more likely when OEX PPT is at or below 50% readings.

At the ES double top OEX is making lower high on a PPT reading of 50%, prior to the double top the PPT was fluctuating between 45-50% indicating weakness in the rally. TWS was also indicating a distribution. The sell at the ES double top was a good bet at the time so long as the OEX did not break above the prior high.

 GAUGES - OEX, DJ and SPX:

The GAUGES strictly use the 5 minute data for the OEX, DJ and the SPX price flow. This data is updated by eSignal approximately every 25 seconds. On a normal trading day there could be up to 10 swing changes. Swing changes require the price to either exceed the high or low of the prior 3,5 or 8 bars depending on the current swing direction and speed setting. The GANN SWING is predominately a PRICE MOMENTUM indicator nevertheless if swings are making higher highs and higher lows the trend is up. If the swings are making lower highs and lower lows the trend is down.

Only the prior number of bars is taken into consideration: if the swing is going UP the gauge will remain GREEN whilst the trading price remains above the 50% level of the prior bars being taken into account; if the price moves below the 50% level of those bars the gauge color will change to YELLOW. In the case of a downswing the color will remain RED and change to FUSIA if the reverse is the case. The color changes are only an alert and not a guarantee that the swing will reverse.

Corrections in an existing trend can cause the swing to reverse so it is necessary to watch your PRICE and GEOMETRY for 1:1,50% and double top or bottom retrace levels that would perhaps put an end to the correction.

 TREND WAVE BUTTONS:

These compute the ES futures TREND WAVE direction in the intraday time frames designated.

The more GREENS or REDS you have then the more likely the trend is stronger in that DIRECTION.

 DASHBOARD SETTINGS:

Any of the parameters in the window can be changed to user preferences. These are my preferences.