The indicator combines a large amount of information, on which the user can build his own strategy, or use it as a complement to his usual trading strategy.
It is made up of 5 main elements in trading:
1. Multi Temporality Dashboard can see in the fastest and easiest way what is happening with the most used indicators:
2. Daily Pivot Points: One of the main pillars to establish support and resistance. On it you can base your TP and SL.
In addition, with the option "Show Pivots on Chart", you can check the importance of these points, observing them directly on the chart.
3. iTrend indicator. You will be able to see the market direction as clearly as possible. This proprietary indicator is based directly on the strength of buyers and sellers.
4. Currency Meter. This item analyzes all pairs that include major currencies to determine the strength of a currency.
5. Main market information
6. Renko Boxes
7. Support && Resistances Levels
Multi Temporality Dashboard
You can see very clearly what the market is doing, and what these indicators suggest for the 9 time frames.
In a very short time, the user can make a decision regarding her operation and if she is interested in opening her operation in another time frame.
Daily Pivot Points
It is possible that at this moment you have already decided to open a purchase operation and now a second question arises: Where to put the SL and the TP.
You may set these parameters based on your risk management of your account equity.
A second option is to use the pivot points. You can see them in the table, or on the chart just by pressing the button at the bottom of the indicator.
Pivot points are an important element in the operation of a good trader.
iTrend INDICATOR and "Currency Meter"
Once the previous elements have been analyzed, you decide to open a purchase operation, you are already clear where you are going to put your SL and your Take Profit.
But aren't you interested in what most traders are doing? The iTrend indicator will give you that information.
In this case, buyers and sellers are undecided and a clear trend has not yet been taken. You can either wait as iTrend suggests, or be one of the first to open your trade.
But before making a firm decision, analyze the "Currency Meter". As said before, this indicator analyzes what is happening with respect to a coin on all the main charts of the market.
The table below gives you important information about its operation.
You may be interested in knowing what fees your broker is charging for keeping your position open overnight.
Most traders use the spread value and the value of a tick to determine the size of their trade.
They reflect the price movement. They do not take time or volume into account.
The bricks are only drawn when the price moves. If the price is still, the passage of time will not cause us to have new figures.
This is a modified version that is drawn on the original graphic.
The indicator presents three channels automatically, the number of periods can be set.
Support and Resistance Levels
Quickly locate with just one click the levels of support and resistance, as well as whether it is strong, weak, tested, untested and broken resistance.
It is a very fast way to place the SL and TP.