The purpose of the chart is to identify structure, and so when we move out of the Cartesian view, new perceptions are open to us, this type of chart has different physics, and I interact with it differently. The price is a moving comet, and as it moves around, we are able to identify structure, and this is structure that either repels, or structure that pulls.
This particular chart doesn’t rely on any type of indicators, but I’ve built in contextual sensors that convey how price is reacting at different orbits, when an orbit registers as buying or selling, etc, so it opens up different opportunities in intraday trading, but you can also imagine over larger time frame frames.
Trading can be engaged in many different ways, and this is just a new novel approach that I’ll probably spend the next few years better understanding, but I wanted to put it out here because it’s an idea, and everyone can run with it.
After one has learned price action, the relationship between the ES and the SPX options, orderflow, market profile, this is a akin to my PhD whereby I am introducing new knowledge.
I’ve extrapolated this into other relationships and markets that I will not share yet, where there are immediate benefits. But this is the fundamental base layer. Moving out of the Cartesian perception of the market and into a polar coordinate view. But again is the mind that play. This keeps me from being bored.
I’ll add that this isn’t a radar chart, this is a polar coordinate structure chart. To better understand it, think of physics and bodies and mass etc.