Using Sadukey Colors to Follow Trends Across Timeframes

Summary

The Sadukey indicator is presented as a trend direction aid. Its colored chart output signals bullish or bearish conditions, and the suggested workflow is to identify the broader direction on hourly to four hourly charts, then use a shorter timeframe to wait for a matching signal. The document also mentions using MACD as an aid, including for exits, and recommends combining the indicator with other technical analysis tools.

The included ProRealTime conversion calculates two weighted series from recent open, high, low, and close values, corresponding to the indicator’s two buffers. However, the text does not explain the precise rules that map those series to the displayed colors, or specify position sizing, stop placement, or exit conditions. It provides no backtest or performance evidence, so the suggested timeframe workflow should be treated as a description of use rather than validation that the signals capture persistent trends.

Key ideas

• Sadukey uses colored chart signals to indicate bullish or bearish market conditions.
• The suggested workflow is to establish direction on hourly to four hourly charts and seek signals on a shorter timeframe.
• The indicator may be combined with MACD, including as an exit aid.
• Its converted calculation produces two weighted price series from open, high, low, and close data.
• The document provides no performance tests or complete rules for entries, exits, and risk management.

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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.