The indicator finds all trends and builds the ranges along which it moves.
The indicator works according to the following rules:
trend registration occurs when the specified time interval between the current price and the point in the history, when the price was in this place for the last time, is exceeded,
registration of trend waves occurs when the extremum of the previous wave is exceeded. This condition means that the trend develops only when the extremums are updated,
the wave rollback...
The indicator shows the round price lines on the chart.
Round numbers are a symbol of completeness
Every round number always seems to people more significant and beautiful than the usual number. Such numbers are given much more attention, and this property must be used in trading.
The indicator is designed to identify places where the price is experiencing particular resistance to movement. In these places, the price does not move in a straight line and often unfolds. Between the lines,...
The indicator finds all levels of support and resistance.
The search for patterns in the past history helps to predict the price movement in the future. Levels are one of those patterns. Levels are always and on all charts. And if you look closely, it is clear that the price stay frequency on a vertical scale is different. In some areas, the price fluctuates between invisible borders for a long time. And much less often the price is in the zone of these boundaries. These boundaries are levels...