INFINITY ProfitZone calculated from the volatility range of bulls and bears. It shows the change in the local trend and entry points, displays the support line and ProfitZone and LimitZone (resistance) trend, shows the time limits for the end of these zones, which are very likely to be reached.
Choosing the INFINITY ProfitZone indicator today you get a free bonus from the developer:
HTF-Historgram- a unique addition to the INFINITY ProfitZone indicator, the histogram displayed in the basement of your chart shows a temporary change in the local trend. It is very easy to install and intuitive.
TradeUtility- a special utility trades on the signals of the INFINITY ProfitZone indicator. The utility combines the function of Expert Advisor and trading panel in three modes: MANUAL / semi-AUTO/ AUTO. Each trader will be able to choose a comfortable mode for their trading style.
#1 ProfitZone- is the average price of trend (calculated by parameter "Averaging period for calculating parameters")
#2 LimitZone- is the average level of price deviation from the trend (calculated by parameter "Averaging period for calculating parameters"). Used to place limit orders.
The longer "Averaging period for calculating parameters" period (bars), the more stable these levels are. I recommend to use 1000-3000 bars.
#3 Support Line- most often, the price is not far beyond this support. But there are exceptions.
#4 - is 1/2 of ProfitZone. Using for close the 1st TP level.
#5 - Closing the 2nd order at the expiration of the time or at the ProfitZone border (calculated by the parameter “Averaging period for calculating the parameters”)