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CEF Auction Level

Auction Levels

Description

The indicator uses market profile theory to show the auction level in user specified time basis. The Auction level is a key level of market that gives a trend bias depends on the location of price.

How is this indicator useful?

  • It will allow you to have a reference of the most important trading zones for the specified period, as well as those prior to it.
  • It will allow you to trade retracement or breakout patterns, everytime they occur in a given zone.
  • Identify potential resistance or support levels. Be mindful that you can use these levels as take profit zones.
  • Use the arrows signals to enter to market with a reliable pattern.

Suggested indicators

CEF Auction Levles is designed to work and complement its signals with following indicators:

General Indicators

Trend Indicators

Signals Tools

Pattern Tools

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Versão 1.31 2020.01.13
Updated version