What's familiar with SKF & MOS ?
The vertical white lines drop down to high-volume surges (compared to that which came before). The horizontal white lines associated with the white vertical lines mark the extreme point of price in that 5-min candle for those volume surges.
The yellow lines highlight reversals corresponding to dojis, near doji's (a tight open-close price range as compared to noticably broader high-low price range), or a close at the high or low of the 5-min candle. There are some false positives which I did not highlight, and that is why one uses stops. I'll leave them to you to find. Often, the reversal is not immediate but occurs within the allowable stop-zone and wouldn't trigger a stop if the doji, near-doji, or close at the extreme of the 5-minute interval were used as an entry signal. Ideally, you'd like to use them as an exit signal... :-). Check out your favorite high-ADR stock/ETF and make your own yellow lines at points of direction change. Once a trader can begin to peg reversals of trend with decent probability, the market is her/his oyster. I hope to be there one day myself!
Good luck to all!
-BCT
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