Meaning of the signals
Lines
Element | Description |
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Line(s) | One or more lines displayed on the chart for the trading system. Auxiliary lines are usually horizontal lines that generate a signal for the trading system (such as the 30 line in the RSI) or simply indicate certain price levels. |
Signal sequences
Element | Description |
---|---|
Long signals | Green triangle upwards below the chart line. |
Short signals | Red triangle downwards above the chart line. This means that any long positions are closed and a short position is opened on the basis of short signals. The security is therefore sold short. |
Close-long signals | Yellow equal sign above the chart line ("close signal"). Signal to end a long phase, but without opening the opposite position at the same time. This is often referred to in the literature as a sell signal, but this is not entirely correct. This is because a sell signal also means that in this case the opposite position, i.e. also the sale of a non-existent position (short sale), is executed. |
Close-short signals | Blue equal sign below the chart line. Signal to end a short phase, but without opening a long position at the same time. |
Limit abort | Red equal sign above or below the chart line, depending on whether a long or short phase is interrupted by the loss limit. |
If you move the mouse over a signal marker, a yellow information window appears. More on this in the following section.
In simple signal mode
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In adjusted mode
Start of trading phase
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End of trading phase
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