Clever Market Profile Trend Levels
Get one of the most important market maker levels, in which the price could react and show the real trend of a given financial asset.
The indicator uses market profile theory to show the auction level on a user specified time basis. The Auction level is a key market level, that gives a trend bias, depending on the location of an asset's price, in relation to such market level.
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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.