RainGull Spectrum offers a contrarian
indicator that can be used on any time frame. It is very useful
to help confim you have picked the right direction. It attempts
to find weakness in a peak or trough after a trend or
sustained move.
Green bar: Buy/Long Red bar:
Sell/Short Blue bar: Going up/Ready to buy/Hold long
position/Aggressive buy Yellow bar: Going down/Ready to sell/Hold
short position/Aggressive sel
