index waves is a trading bot that defines buying and selling zones for the main stock indexes, ie the ES, NQ or the ESX or DAX. The bot has been tested in either low vola environments such as a calm uptrend seen last year or in panic selloff situations such as a couple weeks ago or during 2000 dotcom meltdown. basically it generates red(sell), green(buy) and black(flat) waves based on a proprietary model. the time frame used is hourly and the typical wave duration ranges from 1 hour up to 6 hours. time zone used is GMT and covers 8AM-8PM GMT, which includes the main business hours for europe and americas. I am planning on posting the wave update here for future reference. we're currently in a red wave since 9AM GMT.