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Intraday Equilibrium Zones

Equilibrium Levels support resistence

 

Intraday indicator --> it means it works on lower TimeFrames , from 1minute to 4hours. 


This indicator is able to calculate and draw 2 levels (1 support and 1 resistence) representing the Barycenter's levels for a specific day session. 


From the setting you can choose only one parameter, that's the lenght of Barycenter's orbit.


I personally attach the same indicator 2 times on the same chart, inputting as orbit:  0.15  and 0.30. Then what you will notice is that if the price goes above or under the levels, we will likley have a trend movement. On the other case, if the price will be inside the barycenter's level then we likely have "a range day" and the price will bounce from one level to another.

 

If you buy the product feel free to contact me for additional tips and info


Hope you will find it useful


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Versão 1.1 2020.11.22
bug fixed