Clever Market Profile LVNs Lite
Lite Version only works with EURUSD
The indicator uses market profile theory to show the most relevant trading zones, on a daily basis. The zones to be shown are LVN (low volume nodes) and POC (point of control).
- An LVN zone is one which represents price areas with the least time or volume throughout the day. Typically, these areas indicate a supply or demand initiative, and in the future, they can turn into important breakout or retracement zones.
- A POC zone is one which represents price areas with the most time or volume throughout the day.
How is this indicator useful?
- It will allow you to have a reference of the most important trading zones for the current day, as well as those prior to it.
- It will allow you to trade retracement or breakout patterns, everytime they occur in a given zone.
- You’ll be able to use virgin levels of previous days’ LVN or POC, to identify potential resistance or support levels. Be mindful that you can use these levels as take profit zones.
- For more uses research market profile theory.
For each day, the indicator will show within a given price chart and under any timeframe, the following components:
- Horizontal black lines: These represent LVN zones.
- Horizontal yellow lines: These represent POC zones.
- Horizontal dotted lines (black/yellow): These represent virgin levels. A virgin level is one which hasn’t been filled on any future period.
Support and questions:
Use our discord server if you have any question or need support, If you buy an indicator, please send us your buy ticket to add you to channels with premium support and multiple benefits.
Carlos Forero, Member of Clever Trading Club, private organization with the purpose of design clever solutions to generate constant profits with adapted risk.
Clever Market Profile LVNs is designed to work and complement its signals with following indicators:
- Selecting best currencies to trade (Clever Spread Strength Meter)
- Determine the levels of the trend ( Clever Counting Levels)
- Determine of trend Strength ( Clever Trend Force)
- Determine the probability of expansión or contraction of range ( Clever Range Predictor) (ACTUAL)
- Determine the key market profile levels ( Clever Market Profile LVNs)