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After thousands of hours at the charts trying to find an indicator that fit Anthony’s style of trading, he decided to think outside the box and take some of the ideas from his favorite indicators and build his own.
Anthony developed Beacon in 2001. It is a support and resistance indicator that constantly updates based on the volatility.
This indicator draws a ray when price makes a higher high or a lower low and the stochastic oscillator doesn’t confirm the move in price.
Divergence refers to when price makes a higher high or a lower low and the MACD divergence indicator fails to confirm the market price action.
All indicators are fully compatible with the latest version of TradeStation™