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How the “Price Action” indicator works
Customizable indicator based on two time zones and their support and resistance – by adjusting the “channel zone” (supertrend) defined by the number of candles and “trade zone” in the time frame you want to trade. You can combine the two “time zones” or use just one with a different indicator – see the indicator in action:
Usage and Your Advantages
- two adjustable time zones
- entry, support and resistance each time zone
- useable in all timeframes
- for index, forex and commodities market
- visualizes the support and resistance of the market
See the possibilities of the indicator
Adjust the “channel” and “trade” variables depending on the average zone you want to see and your personal trading style. The “channel” describes the higher trend that you should follow, the “trade” marks the movements within the higher trend, the “resistance” are your POI’s (Points of Interest) you should decide to enter or exit a trade.
Channel view only
Trade view zone and resistance
Combine the views as you wish
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