What is T -MOOD? : Before I explain, Let's step back and talk about Gray Zone a bit. GRAY ZONE tracks Buyers and Sellers. and will show you who is in total control of the market, if all the green bars are out of the gray zone and all the red bar is inside the gray zone that means, the Bulls are in total control of the market at this point, if green bar is stepping down from the top that means bulls are still in control but momentum is decreasing, if green bar is steeping up that means bulls are in control and momentum is increasing, if red and green bar both out the gray zone that means they are fighting for control ...
If all the red bars are out of the gray zone and all the green bar is inside the gray zone that means, the Bears are in total control of the market at this point, if the red bar is stepping down from the top that means the Bears are still in control, but momentum is decreasing, if the red bar is steeping up that means Bears are in control and momentum is increasing.
Now take that concept to next level, which is, what if we could see who is dominating in a particular time frame such as 1MIN / 2MIN / 3MIN/ 5MIN / 30MIN / 1HR / 4HR / DAY in our current charts we are using without flipping. wouldn't that be wonderful to take out a trading decision?
Yes, T-Mood will show us who is in control with an exact match of Bars Color (RED - GREEN - GRAY ) in our current time frame from all time frames. the beauty of the indicator is it could able to pull out data from a lower time frame if your current time frame is higher than 1 MIN
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