Actual Levels

4

The indicator shows significant support and resistance levels. When the price approaches these levels, it in some way responds either to the levels themselves, or to the areas that are near these levels.

These levels can be viewed as potential reversal zone. Accordingly, the levels can be used for performing trading operations or closing previously opened positions.


For example

You can buy if the price rolls back from the support level upwards, or sell if the price rolls back from the resistance level downwards. You can also perform breakout operations. If the support level is broken (the price is below the level), you can sell. Conversely, if the resistance level is broken (when the price is above), you can buy expecting that the price will go up to the next resistance level.


Indicator Parameters

  • Period - indicator calculation period for drawing the levels
  • Bars - the number of bars on which the indicator is displayed
  • Normal levels - the color of normal levels
  • Strong levels - the color of strong levels
Avis 1
Alessio Del Maschio
330
Alessio Del Maschio 2017.05.29 01:42 
 

Great indicator. Personally I use it for binary options on the 5 minute time frame.

I have a request ... On the next update insert the possibility of having the dots or the classic line.

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Ramzi Abuwarda
Indicateurs
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Indicateurs
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ECM Channel MT4
Paulo Rocha
Indicateurs
ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity. The ind
Gold Multi Factor Adaptive Engine
Guang Jun Huang
Indicateurs
Adopt market correlation and indicator resonance Here are some trading recommendations based on the current market conditions: (1) Note: It doesn't mean you have a perfect deal, but rather helps you avoid bad trades (2) Why traditional indicators are prone to distortion. For example, the 10-day moving average is calculated by calculating the average price of the top 10 candlesticks. Result: I prove I want to rise, and the signal is easily distorted. This indicator adopts a self-proof + corrob
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Vitalii Zakharuk
Indicateurs
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Ilya Fomin
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Experts
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Experts
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Indicateurs
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Indicateurs
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Alessio Del Maschio
330
Alessio Del Maschio 2017.05.29 01:42 
 

Great indicator. Personally I use it for binary options on the 5 minute time frame.

I have a request ... On the next update insert the possibility of having the dots or the classic line.

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