Only if you guys are able to program the indicator in thinkorswim, multicharts, or other charting software, you are better to appreciate it.
Personally i find thinkorswim is best, also it is free.
Most of people do not understand how the market moves. Following financial news does not help at all, because in short term, market is determined by traders' buying and selling behavior.
Here I present you a simple but solid trend following method to quantitatively track the market movement...
Most of ppl are good at Long positions, and not at all good at Selling short, or close the Long positions. The bias is because most of security market around the world prevent selling short. So when ppl bought it, they hope it goes up, even think a dangerous trend reversal as a normal pull back...