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Indicators: STOPD Levels MTF

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Automated-Trading
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Automated-Trading 2014.05.29 11:30 

STOPD Levels MTF:

It plots the STOPD Price Levels based on user specified timeframe (parameter Timeframe, D - daily, W - weekly, M - monthly, Q - quarterly, Y - yearly). The other parameters are there for customization of the price levels in case users like to experiment with other price expansion multiples.

The indicator is suitable for use at any timeframes. It can also be used multiple times within one chart to overlay multiple timeframes (MTF) of STOPD Price Levels on the same chart. The price levels are more often than not where reactions would happen.

STOPD Levels MTF indicator

Author: DaytradingBias.com

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