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Elektra Power Bands draws the horizontal price structure a market has actually argued over, and it draws each level as a band with a measured width rather than as a line. WHY A BAND AND NOT A LINE A support or resistance line is usually drawn on two touches, which means two ticks decide where it sits. Power Bands does not work that way. It takes the whole population of swing pivots in the window, highs and lows together, and clusters them by median shift. A band is where that
Elektra Power Law draws a trendline where you ask for one, and fits it to the whole population of swing points inside your selection instead of to the two points under your cursor. You hold CTRL and drag across the stretch of chart you want measured. The indicator finds every swing pivot in that range and fits a line through them using a repeated median of the slopes between all pairs of pivots. A single unusual bar therefore moves the line very little, which is the difference between
An indicator that marks support and resistance areas by counting how many separate times price has returned to them. Every counted return is marked on the chart, so the count can be checked against the chart history. What it draws Elektra Look Left draws two zones. One below price, for buys. One above price, for sells. Nothing else is added to the chart. Each zone is drawn as a rectangle rather than a single line. The height of the rectangle is the measured spread of the swings