You are correct. Sorry, I am trying to research this. Here is a chart of GOOG. Trend line shows down. I scalped long and had a couple of good entries. I am using a 2 day chart with typical OHLC bars. The bottom is a twiggs money indicator which shows the bottom put in at $636.00; Here the indicator bottoms in the red at $35.00. I find that keeping one chart in the same time frame (for me 10 minute works) for a scalp. The Twiggs indicator is one of the indicators I like, similar to money flow. Also, notice how the pivot point (orange line) is rejected and GOOG sells off the rest of the day. I will try to post some stuff others can benefit from. As I said I am fairly new to the software. I found that the intraday chart sections in help useful for some of the more basic items. Has anyone used the pace indicators?
I found your post very helpful. I like the idea of the software being separate from the data source and broker. This is a tough concept to get your mind around, at least for me. It seems that most people are using this with an IB data feed.