Premium RBI and GBI
Our Premium RBI and GBI Alerts are based on pattern recognition and indicate trend continuation. RBI stands for Red Bar Ignored and GBI stands for Green Bar Ignored.
An RBI Alert works the following way. First, we need to have a minimum of four green bars in a row, before a red bar is formed. The alert triggers once the subsequent bar moves above the RBI’s high. It suggests considering going long.
A GBI Alert works the following way. First, we need to have a minimum of four red bars in a row, before a green bar is formed. The alert triggers once the subsequent bar moves below the GBI’s low. It suggests considering going short.
These Alerts are available on the 5-, 15- and 30-Minute Timeframes.
The Confirmed version of the RBI and GBI Alerts waits for confirmation of the follow-up.
A Confirmed RBI Alert does not already trigger, when the green bar moves above the high of the red bar but waits until the green bar closes above the high of the red bar.
A Confirmed GBI Alert does not already trigger, when the red bar moves below the low of the green bar but waits until the red bar closes below the low of the green bar.
To open a new RBI or GBI Window, go to the Toolbar, open the New Tab and select Premium RBI and GBI. Then, make a choice from the dropdown menu. You can choose the direction long, RBI, or short, GBI, as well as the time frame and the level of aggression (unconfirmed versus confirmed version).