Using Impulse IQ As An Indicator
While Impulse IQ is a full-fledged trading system with entries and exits - traders can still use it as an indicator for discretionary trading!
The hallmark feature of Impulse IQ is its ability to identify a trend and fully capitalize on it!
The image above explains in detail how Impulse IQ can be used by discretionary traders in ways well beyond the inherent trading system attached to it!
The IQ Meters can be used to "snipe" entry points during the retracement of a trend, asses trend unison on a higher and lower timeframe, and evaluate overall trend strength - where price is on both of the IQ meters!
Additionally, "Break Up" and "Break Down" labels can be identified for breakout anticipation. Impulse IQ self learns to best capture breakouts. Therefore, any "Break Up" labels or "Break Down" labels that are printed are optimized signals predicting a breakout!