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How to read the Phoenix Finder
How to read the Phoenix Finder

What the colors and symbols mean on the Phoenix Finder.

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Written by Admin
Updated over 4 years ago

 

Phoenix Finder


The Phoenix Finder was created by Danielle Shay and has a companion study called the Trend Strength Candles.
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Symbology

 

If a ticker is continuing to strengthen (or weaken), the typical order you can expect to see is dashes, triangle, brighter green (or red) dash, then square.   

DASHES: Represent the current candle trend strength. Dashes are on a candle by candle bases what you would be seeing on individual trend strength candles.   

SQUARES: When the trend is aligned along with price, the square appears. This indicates the strongest trend.   

TRIANGLES: Appears anytime the 8 and 21 exponential EMAs cross. Does not indicate a direction, only across.
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THINK OR SWIM:

  • DASHES: Represent on a candle by candle bases what you would be seeing on the Trend Strength Candle companion indicator candles. Represent whatever the current candle trend is on the chart. 

  • SQUARES: Overall trend in that time frame and price are in alignment. 

  • TRIANGLES: Appears anytime the 8 and 21 exponential EMAs cross. The direction is not shown.

 
Phoenix Finder shown with Trend Strength Candles companion study. 

TRADESTATION:

  • DASHES: Represent on a candle by candle bases what you would be seeing on the Trend Strength Candle companion indicator candles. Represent whatever the current candle trend is on the chart. 

  • CIRCLES: Overall trend in that time frame and price are in alignment.

  • PLUS SIGNS: Appears anytime the 8 and 21 exponential EMAs cross. The direction is not shown.

The core functionality between TOS and Tradestation are identical.

Tradestation has a symbol key along the top. Ticker labels do not display to the side of the rows as in TOS.


Related Links

Phoenix Finder - Settings and Configuration
https://intercom.help/simpler-trading/en/articles/316899

How to change the Phoenix Finder symbols in TradeStation
https://intercom.help/simpler-trading/en/articles/334778

Phoenix Finder and Folio - How to set up Danielle's charts the easy way
https://intercom.help/simpler-trading/en/articles/347670

Watchlist - Phoenix Trend Strength watchlist code and shared links
https://intercom.help/simpler-trading/en/articles/315531

Phoenix Finder - Getting labels to display properly
https://intercom.help/simpler-trading/en/articles/347654

Watchlist - How to create a custom watchlist column in TOS
https://intercom.help/simpler-trading/en/articles/328454

Phoenix Finder - How do I change the way it shows on the chart?
https://intercom.help/simpler-trading/en/articles/346999


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