IQ Meters

The IQ meters are an exclusive Trading IQ tool designed to help traders evaluate trend strength and retracement opportunities.

When both IQ zig zag indicators are uptrending, or an active long position is in play, the IQ meters will flip color to green.

They key takeaway from this is that both the lower timeframe trend and the higher timeframe trend are in bullish unison! The green meters indicate bullish trend strength.

Along the green meter you will see key Fibonacci levels and where current price is relative to those levels. The meter becomes “greener” towards the middle, as when price reaches this area of the meter there’s an increased likelihood that the downside retracement will end.

When both IQ zig zag indicators are downtrending, or an active short position is in play, the IQ meters will flip color to red.

They key takeaway from this is that both the lower timeframe trend and the higher timeframe trend are in bearish unison! The red meters indicate bearish trend strength.

Along the red meter you will see key Fibonacci levels and where current price is relative to those levels. The meter becomes “redder” towards the middle, as when price reaches this area of the meter there’s an increased likelihood that the upside retracement will end.\

When the lower timeframe IQ ZZ and the higher timeframe IQ ZZ are out of sync, that is, one is uptrending while the other is downtrending and there are no active positions, the meters will take on a neutral color, as shown above!

Once more, the key to using these meters is to identify trend unison and key trend retracement entry opportunities.