XKontrol Indicator

Is a visual representation of who is in Kontrol relative to the Tape Speed of the Floor. The XKontrol indicator will show you who is in Kontrol, the BIDS or the OFFERS. This is a very powerful indicator. Great for long term plays and a *SCALPERS* paradise.

* WHAT THE INDICATOR DOES *
The XKontrol indicator reads the BIDS Being hit and the OFFERS being lifted, and then represents the strength of the Bids being hit and Offers being lifted as dots on the chart. The various dot sizes produced by XKontrol show the level of control the Bids or the Offers have at that point of time in the chart.

* HOW IT WORKS *
As the Dots grow larger, the level of Kontrol is increased. There are 3 dot sizes ranging from Small, Medium, and Large. Respectively they represent Intial Kontrol, Strong Kontrol, and Total Kontrol. Total Kontrol is achieved when either the BIDS or the OFFERS are dominating at the time. This is generally the direction you want to place your trades in and show that either the Bids or the Offers are flooding the market.

* HOW TO USE IT *
As the BID dots increase in frequency and in size this shows that the BIDS are in kontrol and dominating. Vice versa, when the OFFER dots increase in frequency and in size this shows that the offers are in kontrol and dominating. When you see the large dot that is generally a strong sign of the direction price may go. However, it also can be climactic and price could reverse. That would symbolize a case of Effort / No Result. For Example, when the BIDS are in Kontrol and dominating, make a lower low, and then price quickly reverses, it could symbolize a climax.

Usually XKontrol is used in conjunction with XPace, as XKontrol deciphers the Tape Speed of the Floor and draws graphical dots to show whether the BIDS or the OFFERS are dominating right on the chart. Reading XPace will show visually in the histogram the strength of the BID and OFFER Kontrol in the histogram.

* WHAT MAKES IT ORIGINAL *
Up to this point, there is not another indicator that shows BID and OFFER Kontrol on the chart, that correlates and represents the Tape Speed of the Floor. 

XPace Indicator

Original indicator MPace measures the Tape Speed of the Floor. XPace is a significant enhancement of MPace, making it even easier to see the pace that is important, while filtering out the noise. The XPace indicator represents a histogram view of the Tape Speed of the Floor. The Tape Speed (aka Pace) is represented as red and green bars drawn in a histogram view.

As the red histogram bars grow larger and increase in frequency, this shows that the BIDS are in kontrol at that time. And conversely, when the green histogram bars grow larger and increase in frequency, this shows that the OFFERS are in kontrol.

Weighing in whether the BIDS or OFFERS are in kontrol can be a helpful indicator to decide what direction the market could move in.

What is helpful about XPace is that it will show you the raw value of the BID and OFFER kontrol. This can be combined with XKontrol which will classify the kontrol as either Initial, Strong, and Total. Using these 2 indicators combined has added value.

* WHAT MAKES IT ORIGINAL *
Up to this point, there is not another indicator that represents the BIDS and OFFERS that correlates and represents the Tape Speed of the Floor (besides my original MPace).