This tutorial will cover how to use the 'Energy' indicator.
Add the 'Energy' indicator to your chart.
On the markets, masses of people buy and sell and such shared interaction (energy) creates direction and trends. This indicator measures and displays positive energy (in blue / bullish) versus negative energy (in red/ bearish) markets.
Wikipedia definition of energy: Even though E = mc2 is one of the world's most famous equations, referring to energy being equal to mass times the speed of light squared, energy can also represent the impetus behind all motion and all activity or a quantity that denotes the ability to do work and is measured in a unit dimensioned in mass × distance²/time² (ML²/T²) or the equivalent Mass × Distance²/Time². Energy is an intangible, modifiable force (often characterized as either 'positive' or 'negative') believed to emanate from a person, place or thing and which is (or can be) preserved and transferred in human interactions; shared mood or group habit; a vibe, a feeling, an impression.
How to interpret the 'Energy' indicator:
• Look at these blocks as energy fields (or magnets) pushing the market up or down.
• When there's more energy behind a bull market, blue appears.
• When there's more energy behind a bear market, red appears.
• Take a closer look at the channel in between the bottom portion (the positive energy pushing the market up) and the top portion (the negative energy pushing the market down).
• When the energy is split equally or is weak, the uncolored middle channel is centered. No color is shown when the market return to equilibrium .
Close the 'Energy' indicator. We'll look at another indicator of the suite.