AlphaMale (AM) is a propietary algortim. It has two major components: AlphaMale (AM) and Exhausted Trading Lines (ET). In a strict sense, real-time is needed to get the areas of interest because the calculation of this indicator is based on statistical and tape reading data. The target of AlphaMale is to find out where Big Money players had put money in the market. So, it is somehow related to Volume Profile. It´s advisable to have a solid background in Volume Profile Theory.
Exhausted Trading Lines (ET) are the opposite concept of AlphaMale (AM). It points out the place where so little volume was required to move to the final price. Easy, Isn´t it? But experience shows us that, in most cases, an AlphaMale appears at the same price level. So, ET lines are useful because they are resistance and support. Think about it: if the instrument moves easily frome some price level to another, the movement could change speed or direction when it founds a resistance volume.
Both indicators points out WHERE TO TRADE ONLY. They are not coded to responds if you must trade at that price level. ALWAYS TRADE AT THE TOP OR BOTTOM OF ET LINES or at the BEGINNIG OR END OF AlphaMale, only few setups are intended inside AM.
Understanding AlphaMale
- Use 10 MINUTES OR 15 MINUTES TIMEFRAME TO VISUALIZE VOLUMEN PROFILE.
- AlphaMale is valid ONLY once the chart is installed. Different values of AM could be found on a 1 min. chart and 5 min. chart.
- It is useful to set up your stop loss because it helps traders to visualize the AREA of Support and Resistance. This is valid only when the market is TRENDING.
- Can be on high or low volume bars.
- Because is a dynamic indicator, is valid around two or three waves.
- Validation of AM consists of going through ALL RANGE OF PRICE and ROTATE to the opposite direction.
- Sometimes, AM is triggered and is not validated. We call them Runaway AlphaMales.
- Minor AM is intended for the large period chart. T#34 do not use it.
- Most of the time, it will appear on POC, Value Area High and Value Area Low.
- Often appears with Extended Trading Lines.
- Expect Rotational Movement inside large chart AM. Trade above or below.
Understanding Exhausted Trading Lines
- ET are the opposite concept of AlphaMales. It show areas of low volume
- As price move freelly within ET lines, it will found RESISTANCE or SUPPORT at the end of the ride.
- You should TRADE ONLY ON ET HIGH OR LOW.
- Sometimes, ET are ploted and a reversal movement is carry out. However, ET is not coded to show reversal, but SUPPORT AND RESISTANCE.
- In some cases, AlphaMale appears at ET High or ET Low.
Gallery
Alpha Male Documentation
Click in the button to download
AlphaMale Setups
Legal Disclosure: Stocks, futures, foreign currency and option trading contains substantial risk and is not for every investor. An investor could potentially lose all or more that the initial investment. Risk capital is money than can be lost without jeopardizing one´s financial security or lifestyle. Only risk capital should be used and only thse with sufficient risk capital should consider trading. Please consult our full disclosure in the About US section.