Dynamic Level Volume Profile
- Indicatori
-
Lorenzo Coletta
Hello Guys. I am an Italian engineer with a passion for trading, and in particular for automatic trading. I love to write programs, scripts, expert advisors or indicators. I am an expert in the mql4 language but I am slowly starting to study the mql5 language as well. - Versione: 3.0
- Aggiornato: 3 agosto 2021
- Attivazioni: 5
!!!REVISION 3 OF THE INDICATOR HAS BEEN RELEASED! IF YOU WANT TO TRY THE INDICATOR FOR 1 MONTH FOR FREE JUST WRITE ME NOW!!!
DYNAMIC LEVELS + VOLUME PROFILE + REGRESSION CHANNEL
Hello Guys! Revision 3 of the indicator has been released! 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 plot the VOLUME PROFILE and the REGRESSION CHANNEL, creating a powerful combination with dynamic levels.PARAMETERS:
All parameters are clearly explained in the video!
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!
