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CTS Forecast Elite Lower Study

$297.00

This ThinkScript code helps you understand how the market is behaving using three indicators: Green Worm, NT Worm, and Momo Worm.

1. **Green Worm, NT Worm, and MomoWorm**:
These are lines that move up and down on a chart. Each line tells you something about the market:
– Green Worm shows long-term trends.
– NT Worm shows medium-term trends.
– Momo Worm shows short-term trends.

2. **Colors and Direction**:
A. **Green Worm**:
– When the Green Worm line goes up, it turns green.
– When the Green Worm line goes down, it turns red.
– This tells you if the long-term trends in the market are positive (green) or negative (red).

B. **NT Worm**:
– When the NT Worm line goes up, it turns white.
– When the NT Worm line goes down, it turns cyan (a bluish color).
– This indicates the medium-term trends in the market. White means things are looking positive in the medium-term, while cyan suggests medium-term negativity.

C. **Momo Worm**:
– When the Momo Worm line goes up, it turns yellow.
– When the Momo Worm line goes down, it turns dark orange.
– This indicates the short-term trends in the market.  Yellow means things are looking positive in the short-term, while dark orange suggests short-term negativity.

So, by looking at the colors of these indicator lines, you can quickly understand the direction of different aspects of the market: long-term trends, medium-term trends, and short-term trends.

3. **Reference Lines**:
The chart also has lines at certain levels:
– 100, 95, and 90 have green lines.
– 80, 60, and 50 have white lines.
– 40, 20, 10, 5, and 0 have red lines.

4. **Shaded Areas**:
The chart has shaded areas:
– Light green between 80 and 100 shows positive values.
– Light red between 0 and 20 shows negative values.
– Light gray between 40 and 60 shows neutral values.

By looking at these lines, colors, and shaded areas, you can get a simple idea of how the market is doing – whether it’s going up, down, or staying in the middle. It helps you make better decisions when trading or investing.

Please note that this script is for educational purposes and cannot be shared due to user agreement restrictions.