Simplier Tradeing – John Carters - The 10x Bars Indicator for Thinkorswim
The 10x Bars Indicator is used as a way to quickly understand the trend quality and strength based on a more complex underlying calculation of the ADX and DMI. The 10X Bars takes the calculation that we would have to normally had as a separate set of indicators and puts that information directly on your charts so the decision-making becomes simple.
The 10X Bars works as a nice complement to the Squeeze as they can serve as confirmation to stay in a trending chart or as an early sign to GTFO (Get The Funds Out).
Combining the information from 10X Bars with volume further strengthens the signal because, as John Carter says,
“Momentum + volume is magic.”
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