Technical Confluence Zone
Technical confluence zones is a very popular tool for traders. This EA detects such zones by studying chart patterns, naked price levels, fib levels, SMA/EMA over multiple timeframes and more. The source data is loaded from Mytradingpet.com. To find out what are factored in when determining such zones, visit https://mytradingpet.com - a free service for all traders.
The zones are color coded. Purple indicates the highest level of confluence.