Advantages of the Geiger Counter: This is trades at bid or ask and the net calculation. Moving averages are used to more readily spot trends. The net calculation is particularly useful when looking for upward or downward slope — since it shows the pressure moving in the opposite direction from where it was. For example, there is a consistent shift in bid vs. Finally, the rate at which this display scrolls to the left is based on the time between each trade coming in. This directly shows how active the market is at any given time.
The circular gauge display references inside bid and ask numbers. The trend indication element is a weighted look at all the individual indicators combined. It is useful to identify short-term trends. For example on a Mean Renko chart, the Geiger Counter is very good at identifying trend change prior to a reversal shown in the bars. Please check with your data provider. Due to the precision accuracy of this trading tool, time samples must be done using the real clock.
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