Cherry Picker
Unfortunately this indicator is no
longer available, but you may find Moving Average Crosses Indicator an interesting alternative!
Description
- The cherry picker gets its name from the way it looks like a fruit picker in an orchard that is picking fruit from a tree when the fruit is ripe.
- The Cherry Picker is a highly accurate 3 plot indicator that signals short-term long moves.
- The indicator is used by looking for the tell-tale picker with the following formation:
Blue line - in the high position coming down
Red line - in the next highest position coming down
Green line - at the bottom position coming up.
- This is a classic indication that a 3-7 bar long move is about to occur.
Key Features
- 3 color coded Plots
- Easy to read indicator
- Short term (3-7 bar) trades
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