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Infrared Mode

UPDATE 3 -  Scan what you see - the indicator will scan and draw levels for all VISIBLE bars on the chart, rather than Current Bar - till first visible bar on the chart (historical bar on the left side). Assumption is, if you are going back in history and you want to check levels, you care about that specific moment in time and what the levels were during that moment (excluding data of the future which is not visible).

UPDATE 2 - version 2.1 introduces the "Always ON" feature. If enabled, you can switch time frames while the InfraredMode indicator will remain switched ON with levels being visible on the chart all the time.

UPDATE - version 2 introduces a few more features that allow customization. 

It all starts with level and ends with levels. Being able to identify key Support and Resistance zones is crucial to your success.


WHAT IT DOES?

The Infrared Mode indicator finds the zones on the chart, where most of the orders took place. Real zones formed by real orders/volume. Those levels are natural support/resistances. 


FEATURES

  • Different colors (light red to dark red) show you where the zones of interest are (darkest color). This is usually where the price tends to bounce.
  • Automatic adjustment. Simply zoom in or zoom out and the indicator will calculate the zones for the visible part of the chart.


HOW TO USE IT?

  • Implement it in any trading strategy/method. 
  • Buy above the darkest zones
  • Sell below the darkest zones
  • If there are multiple zones - you can trade in between them.


It is pretty straightforward. If you have any question, please use the comment section. 

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IMPORTANT - If you find a bug please report that at support@traders-terminal.com or in the Comment section here. Thank you! The most flexible and features rich trade assistant. NO CONDITIONS ENTRY Use Case -   Market & Pending Orders https://youtu.be/PAbytOYrTqI TIME BASED ENTRY Use Case -   Trading After News Release https://youtu.be/peDz_C-VLAQ INDICATOR CONDITIONAL ENTRY Use Case -   Bollinger Bands Breakout https://youtu.be/qRPkpyHghLU DRAWINGS Use Case -   Channel/Consolidation Breakout
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The most flexible and features rich trade manager. TIME BASED MANAGEMENT Use Case -   News Release https://youtu.be/ijj9fUjELMI MANAGE BY INDICATOR USE CASE: STOCHASTIC CROSSOVER https://youtu.be/Hd-7oGcrYGg TWO STEP MANAGEMENT USE CASE: FALSE BREAK https://youtu.be/9xuhtGi9wbU INDICATOR SEQUENCE USE CASE: DIVERGENCE AGAINST https://youtu.be/xliDX7UCMyQ MANAGE BY DRAWINGS USE CASE: DYNAMIC SUPPORT BREAKOUT https://youtu.be/Rcdc-XEgIA8 100% Visual Intuitive Order Selection Ticket number
167 USD
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Version 2.2 2021.11.16
* Scan what you see - the indicator will scan and draw levels for all VISIBLE bars on the chart, rather than Current Bar - till first visible bar on the chart (historical bar on the left side). Assumption is, if you are going back in history and you want to check levels, you care about that specific moment in time and what the levels were during that moment (excluding data of the future which is not visible).
Version 2.1 2021.11.02
Always ON feature added
Version 2.0 2021.10.17
Additional features added:
- left/right positioning of the levels
- customization of the width of the levels.