XTL question

[Keith]

Does XTL basically light up different colors when previous time frame sup/res taken out? Just curious

[mattsb]

Keith,

XTL is a statistical model that checks for randomness in a data set. When the threshold has been crossed from random to non-random (trending) the color of the bar represents the trend direction, blue bar for up, red bar for down, and black bar for no trend or crossing below the randomness threshhold.

Tom J and Andy B have a very tradeable methodology for using the XTL breakout bar. You can see posts about it elsewhere in this forum.

Hope this helps.