This indicator takes input from Support and Resistance levels, combined with a special trend filter.
Easily spot tops and bottoms, and trade with more confidence.
Great for scalping or long-term trading.
This indicator can be used on all time frames and pairs.
Features alert function.
No need to set up the indicator.
How to use:
Simply attach to any chart.
Red histogram line color = Selling opportunities.
Blue histogram line color = Buying opportunities.
See pictures below.
To spot highs/tops and lows/bottoms, zoom the chart out completely.
Best results when chart is zoomed out completely, and entering trades from the upper (for sell) or lower (for buy) extreme of indicator window, and taking note of higher time frames.
Use as you see fit for your strategy.
Best results on Major Pairs, but can also be used on other pairs.
Important to note:
Please do not use this indicator haphazardly. Make sure it compliments your strategy.
Please combine with your other tools if necessary.
Don't risk money you cannot afford to lose.
You use this indicator at your own risk. Please apply money management wisely.
Always test your strategy on a demo account before using a new indicator on a live account.