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Dynamic Level Volume Profile

Hello Guys! Today I want to share with you an indicator that everyone should have! The indicator plots SUPPORTS AND RESISTANCES DYNAMICALLY on the chart, identifying different levels of interest based on the price action. Every trader knows that indicators are important, but they often provide the signal "with a candle of delay", therefore when we open a trade the signal has already lost its effectiveness. This is why knowing the levels given by price action is essential for profitable trading. Moreover, the indicator allows you to track the volume profile, creating a powerful combination with dynamic levels.

I recommend to use the Time Frame H1 and H4, with a zoom of the graph of 2-3

PARAMETERS:

# Back candles for Sup/Res: this is the only input that affects the calculation parameters of the dynamic levels. The suggested value I've seen after so many experiments is 64 (as set by default)

Al the other parameters concern the graphical interface of the indicator, so it's up to you to find the style that best suits your chart. In the comments i'll share the template you see in the screenshots, so you can use that.

DYNAMIC LEVELS:

Trading Range: Level where the price has the most chance to bounce up and down;

Reversal Level Major: Level where we can expect a reversal pattern;

Weak Resistance/Support: Weak level for a reversal, but if the price breaks this level it can retrace to use it as support and continue the tend;

Strong Resistance/Support: When the price reaches this level a rapid reversal can be expected, often on the same candle;

OverBought/OverSold && Extreme OverBought/Oversold: When the price reaches this level it has probably run out of strength


There is nothing more to add, you just have to try the indicator and have fun!


ATTENTION: The indicator can give some problems on some types of MT4. For a correct functioning I recommend:

  1. Always run the indicator with the "Autoscroll" activated (is the button with the green triangle in a chart);
  2. When you close the platform and the reopen it, please remove and reload the indicator if you see the error message (ArrayOutOfRange)

To allow you to test the indicator at its best, the price for the rental for 1 Month is only 10 USD (minimum price), so do your tests and if you have any problems do not hesitate to write me!


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Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
119 USD
FX Power
Daniel Stein
⭐️⭐️⭐️⭐️⭐️ You want to become a constantly profitable 5-star forex trader? ⭐️⭐️⭐️⭐️⭐️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Power is the first currency strength meter with a complete history across all time frames. It analyzes the momentum and strength of all major currencies to determine high probability trades. Key Fe
50 USD
Volume Delta Panel
Chantal Sala
Volume DeltaPanel is a very powerful indicator that read the supply on Market. It calculates the Delta from movement of the price and the difference of BUY volumes and SELL volumes. The Volumes are added to price and normalized to symbol points. Its special structure allows you to get all Time Frames values available on the platform MT4. Panel can show 28 instruments simultaneously all customizable according to the offer of the Broker. A good observation of this instrument can suggest great en
50 USD
Resistance and Support Zones MTF for MT4
Pavel Zamoshnikov
The indicator automatically builds Support/Resistance levels (Zones) from different timeframes on one chart. Support-resistance levels are horizontal lines. As a rule, the market does not respond to a specific price level, but to a price range around the level, because demand and supply of market participants are not formed clearly on the line, but are “spread out” at a certain distance from the level. This indicator determines and draws precisely such a price range within which strong pos
40 USD
Advanced Currency IMPULSE with ALERT
Bernhard Schweigert
Este indicador es una herramienta de transacción única, de alta calidad y asequible porque hemos incorporado una serie de características propias y una fórmula secreta. Con solo un gráfico, da Alertas para los 28 pares de divisas. ¡Imagina cómo mejorarás porque puedes identificar el punto de activación exacto de una nueva tendencia u oportunidad de crecimiento! Basado en nuevos algoritmos subyacentes , hace que sea aún más fácil identificar y confirmar operaciones potenciales . Esto se debe a qu
78 USD
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