Double Harmonic Volatility Indicator MT4

5

Introduction to Double Harmonic Volatility Indicator

Use of the Fibonacci analysis for financial trading can nearly go back to 85 years from today since the birth of Elliott Wave Theory by R. N. Elliott. Until now, traders use the Fibonacci analysis to identify the patterns in the price series. Yet, we could not find any one attempted to use Fibonacci analysis for the Volatility. Harmonic Volatility Indicator was the first technical analysis applying the Fibonacci analysis to the financial Volatility. Originally, Harmonic Volatility Indicator was developed to overcome the limitation and the weakness of Gann’s Angle, also known as Gann’s Fan. We have demonstrated that Harmonic Volatility Indicator can be applied in a similar manner to Gann’s Angle (or Gann’s Fan) to your chart. At the same time, since the volatility is very important information for traders, Harmonic Volatility Indicator can bring many other benefits to traders too. One might use Harmonic Volatility indicator like the market profile to spot trend reversal point. More importantly, Harmonic Volatility Indicator can be well incorporated to your existing technical analysis to improve your trading. It is also very effective in spotting mature trend in its end phase. Bringing the Harmonic Volatility indicator further in its application level, Double Harmonic Volatility Indicator applies two Harmonic Volatility indicator in the significant peak and trough in your chart in the automatic manner. You can use this tool to identify the significant support resistance levels, trend reversal point and trend strength. To maximize your trading efficiency, we have added many automated features for your convenience.


How to Use

Double Harmonic Volatility indicator can be run in more than four different mode.

  1. Double Harmonic Volatility mode – this mode uses two Harmonic Volatility indicator in the significant peak and trough.
  2. Daily Harmonic Volatility mode – this mode apply Harmonic Volatility indicator to daily open price.
  3. Weekly Harmonic Volatility mode – this mode apply Harmonic Volatility indicator to weekly open price.
  4. Monthly Harmonic Volatility mode – this mode apply Harmonic Volatility indicator to monthly open price.
  5. Beside above four modes, you can combine daily and weekly Harmonic Volatility indicator or weekly and monthly Harmonic Volatility indicator. If you want, you can combine daily, weekly and monthly harmonic volatility indicator at the same time.


Important User Inputs

There are four important inputs to change the mode of this indicator.

  • Use Double Harmonic Volatility- Set this input to true to run the indicator in double Harmonic Volatility mode. If you set this input to false, then indicator will run in to either daily, weekly or monthly Harmonic Volatility Mode.
  • Use Daily Harmonic Volatility – This input is only active if the Use Double Harmonic Volatility is set to false.
  • Use Weekly Harmonic Volatility - This input is only active if the Use Double Harmonic Volatility is set to false.
  • Use Monthly Harmonic Volatility - This input is only active if the Use Double Harmonic Volatility is set to false.

Note that most of time you can use the default setting for the other inputs.


Trading Principle

Most of average traders are trading without having the full picture of the market volatility. Double Harmonic Volatility Indicator can offer you more systematic picture towards the current market state. In spite of the fact that Harmonic Volatility indicator can bring you the many benefits for your trading, you will still need knowledge and discipline for your successful trading. This is not the bulletproof trading system.



Trading Strategy Guide

You can find the detaild trading strategy guide about how to use volatility indicator from the link below. We recommend to read this article before using this volatiltiy indicator for your trading.

https://www.mql5.com/en/blogs/post/750389



Important Note

This is the off the shelf product. Therefore, we do not accept any modification or customization request on this product. In addition, we do not provide any code library or any support for your coding for this product.


Recensioni 1
David T
303
David T 2023.06.18 18:36 
 

Very good indicator ! It has become of of my main indicators. Please note it is not a holy grail...you have to know how to use and how price reacts around these lines. Must be use together with other indicators for confirmation.

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Adaptive Volatility Range [AVR] is a powerful tool for identifying key trend reversal points. AVR accurately reflects the Average True Range (ATR) of volatility, taking into account the Volume-Weighted Average Price (VWAP). The indicator adapts to any market volatility by calculating the average volatility over a specific period, ensuring a stable rate of profitable trades. You receive not just an indicator but a professional automated trading system , AVR-EA . Advantages: Automated Trading Sys
Advanced Currency Strength28 Indicator
Bernhard Schweigert
4.91 (657)
Indicatori
ATTUALMENTE SCONTATO DEL 26% La soluzione migliore per ogni principiante o trader esperto! Questo indicatore è uno strumento di trading unico, di alta qualità e conveniente perché abbiamo incorporato una serie di caratteristiche proprietarie e una nuova formula. Con un solo grafico è possibile leggere la forza delle valute per 28 coppie Forex! Immaginate come migliorerà il vostro trading perché sarete in grado di individuare l'esatto punto di innesco di una nuova tendenza o di un'opportunità
Basic Harmonic Patterns Dashboard
Mehran Sepah Mansoor
5 (3)
Indicatori
Questo cruscotto mostra gli ultimi pattern armonici disponibili per i simboli selezionati, in modo da risparmiare tempo ed essere più efficienti / versione MT5 . Indicatore gratuito: Basic Harmonic Pattern Colonne dell'indicatore Symbol : vengono visualizzati i simboli selezionati Trend: rialzista o ribassista Pattern: tipo di pattern (gartley, butterfly, bat, crab, shark, cypher o ABCD) Entry: prezzo di ingresso SL: prezzo di stop loss TP1: 1 prezzo di take profit TP2: 2 prezzo di take pr
PZ Mean Reversion MT4
PZ TRADING SLU
3 (4)
Indicatori
Indicatore unico che implementa un approccio professionale e quantitativo al trading di reversione. Sfrutta il fatto che il prezzo devia e ritorna alla media in modo prevedibile e misurabile, il che consente regole di entrata e uscita chiare che superano di gran lunga le strategie di trading non quantitative. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Segnali di trading chiari Incredibilmente facile da scambiare Colori e dimensioni personalizzabili Implementa l
Hidden Cycles
Lev Vladimirovic Marushkin
5 (1)
Indicatori
Christmas Sale! – The Only 100% Universal Tool Grab Hidden Cycles for only $129 (regular price $179). Stop trading against nature! This is your chance to secure the only indicator rooted in the absolute laws that govern the entire universe. Most tools guess—this one reveals the truth. Offer ends soon — Buy another toy or buy the truth. Your choice... Based on Universal Laws — NOT Some Guy’s Algorithm: Let the market adjust to the Hidden Cycles Geometry — not the other way around. Most indicat
RFI levels PRO
Roman Podpora
Indicatori
Indicatore in anticipo   determina i livelli e le zone di inversione del mercato , consente di attendere che il prezzo ritorni al livello ed entrare all'inizio di un nuovo trend, e non alla sua fine. Lui mostra   livelli di inversione   dove il mercato conferma un cambio di direzione e forma un ulteriore movimento. L'indicatore funziona senza ridisegnare, è ottimizzato per qualsiasi strumento e rivela il suo massimo potenziale quando abbinato al   LINEE DI TENDENZA PRO   indicatore. Scanner st
WaveTheoryFully automatic calculation
Kaijun Wang
5 (4)
Indicatori
Questo indicatore è un indicatore per l'analisi automatica delle onde perfetto per il trading pratico! Caso... Nota:   non sono abituato a usare nomi occidentali per la classificazione delle onde a causa dell'influenza della convenzione di denominazione di Tang Lun (Tang Zhong Shuo Zen), ho chiamato l'onda base come   penna   e la banda dell'onda secondaria come   segmento   At allo stesso tempo, il segmento ha la direzione del trend. La denominazione   è principalmente segmento di trend   (que
Prop Firm Gold Indicator
Mohit Dhariwal
5 (3)
Indicatori
This is a unique  Gold Indicator On channel trading pullbacks and gives accurate entries on gold and major Fx Pairs on M15tf. It has the ability to pass any prop firm Challenge and get accurate entries on gold and major fx pairs. EA FOR PROP FIRM AND CHANNEL INDICATOR IS FREE ALONG WITH THIS POWERFUL INDICATOR ALONG WITH THE BEST SET FILE FOR FIRST 25 USERS. Strategy tester report is in comment section. INDICATOR FEATURES: INDICATOR IS BEST ON M15 GIVES ACCURATE ENTRIES  EA AND CHANNEL INDICATO
Advanced Supply Demand
Bernhard Schweigert
4.91 (296)
Indicatori
New Year Trading Special – 50% OFF Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximiz
Currency Strength Exotics
Bernhard Schweigert
4.88 (33)
Indicatori
ATTUALMENTE SCONTATO DEL 20%! La soluzione migliore per qualsiasi principiante o trader esperto! Questo indicatore è specializzato nel mostrare la forza della valuta per qualsiasi simbolo come coppie esotiche, materie prime, indici o futures. È il primo nel suo genere, qualsiasi simbolo può essere aggiunto alla nona riga per mostrare la vera forza della valuta di Oro, Argento, Petrolio, DAX, US30, MXN, TRY, CNH ecc. Si tratta di uno strumento di trading unico, di alta qualità e conveniente pe
WOW Scalper Signal
Nirundorn Promphao
Indicatori
The principle of this indicator is very simple: detecting the trend with Moving Average, then monitoring the return point of graph by using the crossing of Stochastic Oscillator and finally predicting BUY and SELL signal with arrows, alerts and notifications. The parameters are fixed and automatically calculated on each time frame. Example: If you install indicator on EURUSD, timeframe M5: the indicator will detect the main trend with the Moving Average on this timeframe (for example the Moving
Cycle Sniper
Elmira Memish
4.39 (36)
Indicatori
Please contact us after your purchase and we will send you the complimentary indicators to complete the system Cycle Sniper is not a holy grail but when you use it in a system which is explained in the videos, you will feel the difference. If you are not willing to focus on the charts designed with Cycle Sniper and other free tools we provide, we recommend not buying this indicator. We recommend watching the videos about the indiactor and system before purchasing. Videos, settings  and descri
Altri dall’autore
Elliott Wave Trend MT5
Young Ho Seo
4 (4)
Indicatori
Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
Fractal Pattern Scanner MT4
Young Ho Seo
5 (2)
Indicatori
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi
Elliott Wave Trend MT4
Young Ho Seo
4 (7)
Indicatori
Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
Peak Trough Analysis Tool MT5
Young Ho Seo
4.9 (10)
Indicatori
Peak Trough Analysis is the great tool to detect peaks and troughs in your chart. Peak Trough Analysis tool can use three different peaks and troughs detection algorithm. The three algorithm include the orignal Fractals Indicator by Bill Williams, the Modified Fractals indicator and ZigZag indicator. You can use this peak and trough analysis tool to detect the price pattern made up from Equilibrium Fractal-Wave process. For further usage, there are good guide line on how to use this peak trough
FREE
Fractal Pattern Scanner MT5
Young Ho Seo
5 (1)
Indicatori
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabil
Volume Spread Pattern Detector MT5
Young Ho Seo
4.45 (11)
Indicatori
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
FREE
Auto Chart Alert MT5
Young Ho Seo
3.83 (6)
Utilità
Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. Au
FREE
Fibonacci Volatility Indicator MT5
Young Ho Seo
5 (1)
Indicatori
Introduction to Fibonacci Volatility Indicator Volatility indicator can help you to detect any statistical advantage for your trading. Especially, if you are trading with Price Action and Price Patterns, then we recommend to use the Volatility indicator together with your strategy. Especically, Fibonacci Volatility indicator combines the market volatiltiy with Fibonacci Analysis to provide you more advanced volatiltiy indicator. Main Features Fibonacci Volatility in Z score Configuration Mode Fi
Harmonic Pattern Plus MT5
Young Ho Seo
4.5 (4)
Indicatori
Introduction Harmonic Patterns are best used to predict potential turning point. Traditionally, Harmonic Pattern was identified manually connecting peaks and troughs points in the chart. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality
Peak Trough Analysis Tool MT4
Young Ho Seo
4.33 (9)
Indicatori
Peak Trough Analysis is the great tool to detect peaks and troughs in your chart. Peak Trough Analysis tool can use three different peaks and troughs detection algorithm. The three algorithm include the orignal Fractals Indicator by Bill Williams, the Modified Fractals indicator and ZigZag indicator. You can use this peak and trough analysis tool to detect the price pattern made up from Equilibrium Fractal-Wave process. For further usage, there are good guide line on how to use this peak trough
FREE
Time Box Indicator MT5
Young Ho Seo
4.67 (3)
Indicatori
Introduction To Time Box Indicator Time Box Indicator is a must have indicator for any trader. It will display daily, weekly and Monthly box according to your preferences. Yet, you can extend any important price levels in your chart automatically. You can use them as the significant support and resistance levels. It is very simple but effective tool for your trading. Graphic Setting Use White Chart Line Style for Current Open price Daily Setting Update Timeframe for daily box Number of days to
FREE
Volume Spread Pattern Indicator MT4
Young Ho Seo
5 (1)
Indicatori
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
X3 Chart Pattern Scanner MT4
Young Ho Seo
3.67 (3)
Indicatori
Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
Volume Spread Pattern Detector MT4
Young Ho Seo
5 (4)
Indicatori
Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T
FREE
Harmonic Pattern Plus MT4
Young Ho Seo
4.44 (18)
Indicatori
Introduction Harmonic Patterns are best used to predict potential turning point. Traditionally, Harmonic Pattern was identified manually connecting peaks and troughs points in the chart. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automate your harmonic pattern detection process. The functionality
Fractal Moving Average Indicator MT5
Young Ho Seo
5 (3)
Indicatori
Introduction to Fractal Moving Average Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit ou
FREE
Time Box Indicator MT4
Young Ho Seo
4.71 (7)
Indicatori
Introduction To Time Box Indicator Time Box Indicator is a must have indicator for any trader. It will display daily, weekly and Monthly box according to your preferences. Yet, you can extend any important price levels in your chart automatically. You can use them as the significant support and resistance levels. It is very simple but effective tool for your trading. Graphic Setting Use White Chart Line Style for Current Open price Daily Setting Update Timeframe for daily box Number of days to
FREE
GARCH Improved Nelder Mead MT5
Young Ho Seo
2 (2)
Indicatori
Introduction to GARCH Indicator GARCH is the short initial for Generalized Autoregressive Conditional Heteroskedasticity and it is the volatility prediction model commonly used in financial industry. GARCH model was first appeared in the work by Danish Economist, Tim Peter Bollerslev in 1986. The 2003 Nobel Prize winner, Robert F Engle also added much contribution for the refinement of GARCH model with Tim’s work. Our GARCH INM predictor took the original method of Nelder Mead for GARCH model bu
FREE
Pair Trading Station MT4
Young Ho Seo
3.67 (3)
Indicatori
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
Harmonic Pattern Scenario Planner MT5
Young Ho Seo
5 (6)
Indicatori
Introduction to Harmonic Pattern Scenario Planner The present state of Forex market can go through many different possible price paths to reach its future destination. Future is dynamic. Therefore, planning your trade with possible future scenario is an important step for your success. To meet such a powerful concept, we introduce the Harmonic Pattern Scenario Planner, the first predictive Harmonic Pattern Tool in the world among its kind. Main Features Predicting future patterns for scenario
Auto Chart Alert MT4
Young Ho Seo
5 (1)
Utilità
Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. Au
FREE
Excessive Momentum Indicator MT5
Young Ho Seo
5 (3)
Indicatori
Introduction Excessive Momentum Indicator is the momentum indicator to measure the excessive momentum directly from raw price series. Hence, this is an extended price action and pattern trading. Excessive Momentum Indicator was originally developed by Young Ho Seo. This indicator demonstrates the concept of Equilibrium Fractal Wave and Practical Application at the same time. Excessive Momentum detects the market anomaly. Excessive momentum will give us a lot of clue about potential reversal and
Order Risk Management EA MT5
Young Ho Seo
2 (2)
Utilità
Introduction to Order Risk Management EA ORM EA is specially designed for fast and accurate market order execution to be used with our Price Action and Econometric Trading strategies listed below. ORM EA is fully automatic and ORM EA is also very easy to use. ORM EA is totally free of charge. You can also use this robust order execution feature of this ORM EA for any other your own trading strategy. Trading Strategy Guide Order Risk Management EA provides the guide for the risk management for y
FREE
Fractal Moving Average Indicator MT4
Young Ho Seo
5 (1)
Indicatori
Introduction to Fractal Moving Average Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit o
FREE
GARCH Improved Nelder Mead MT4
Young Ho Seo
4 (2)
Indicatori
Introduction to GARCH Indicator GARCH is the short initial for Generalized Autoregressive Conditional Heteroskedasticity and it is the volatility prediction model commonly used in financial industry. GARCH model was first appeared in the work by Danish Economist, Tim Peter Bollerslev in 1986. The 2003 Nobel Prize winner, Robert F Engle also added much contribution for the refinement of GARCH model with Tim’s work. Our GARCH INM predictor took the original method of Nelder Mead for GARCH model bu
FREE
Order Risk Management EA MT4
Young Ho Seo
3.75 (4)
Utilità
Introduction to Order Risk Management EA ORM EA is specially designed for fast and accurate market order execution to be used with our Price Action and Econometric Trading strategies listed below. ORM EA is fully automatic and ORM EA is also very easy to use. ORM EA is totally free of charge. You can also use this robust order execution feature of this ORM EA for any other your own trading strategy. Trading Strategy Guide Order Risk Management EA provides the guide for the risk management for y
FREE
Price Breakout Pattern Scanner MT4
Young Ho Seo
3.55 (11)
Indicatori
Price Breakout pattern Scanner is the automatic scanner for traders and investors. It can detect following patterns automatically from your chart. Head and Shoulder - Common tradable pattern. Reverse Head and Shoulder - This pattern is the reverse formation of the Head and Shoulder. Double Top - When the price hits resistance level twice and decline toward the support level, the trader can anticipate sudden bearish breakout through the support level. Double Bottom - The double bottom pattern is
Sideways Market Statistical Analyzer MT4
Young Ho Seo
4.8 (5)
Indicatori
Introduction to Sideways Market Analyzer Notable period of Low volatility and non-trending movements in the financial market is considered as Sideways Market. Sooner or later, the low volatility will increase and the price will pick up a trend after Sideways Market. In terms of trading point of view, Sideways Market can serve as the very good entry timing for traders. Sideways Market is also quite often the representation of accumulation of large orders from big investors. Therefore, knowing the
Harmonic Pattern Scenario Planner MT4
Young Ho Seo
4 (4)
Indicatori
Introduction to Harmonic Pattern Scenario Planner The present state of Forex market can go through many different possible price paths to reach its future destination. Future is dynamic. Therefore, planning your trade with possible future scenario is an important step for your success. To meet such a powerful concept, we introduce the Harmonic Pattern Scenario Planner, the first predictive Harmonic Pattern Tool in the world among its kind. Main Features Predicting future patterns for scenario
Smart Renko MT4
Young Ho Seo
Indicatori
Introduction to Smart Renko The main characteristics of Renko Charting concern price movement. To give you some idea on its working principle, Renko chart is constructed by placing a brick over or below when the price make the movement beyond a predefined range, called brick height. Therefore, naturally one can see clear price movement with less noise than other charting type. Renko charting can provide much clearer trend direction and it helps to identify important support and resistance level
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David T
303
David T 2023.06.18 18:36 
 

Very good indicator ! It has become of of my main indicators. Please note it is not a holy grail...you have to know how to use and how price reacts around these lines. Must be use together with other indicators for confirmation.

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