A wonderful indicatorwhich shows us dynamic support and resistancewith the help of pivot pointcalculation. The default blue color level acting as dynamic resistance and the pink color level acting as a dynamic support. The supports & resistances levels get changes depending on the actual price changes for that certainfinancial instrumentwhere the indicator has been used.
We can clearly figure out the highest high or lowest low of any market sessions with thepivot pointcalculation, we also have moving average calculation within our indicator which furthermore increases theaccuracy of the overall markettrend direction. Color changes dynamically for the moving average and as the pink color indicating market players being pessimistic and blue color moving average indicating market players being optimistic. When the current price floats above the moving average, it can signal amarket trending upwardwhen the current price floats below the moving average it can signal amarket trending downward.
- Traders can determine the volatilityof a price by looking at the channel band shape. Channel band shape squeezing indicates tight volatility or less momentum and channel band shape in widespread indicates high volatility or high momentum in the price for that certain market asset price at that certain period of time.
- ATR calculation method can be changedfrom normal (ATR) to an SMA version true range inside setting byticking and unticking the inputfunction named “Change ATR Calculation Method”.
- Buy and Sell signals can be turn off/onusing “Show Buy/Sell Signals?”.
- Alert featureavailable for Buy and Sell signals.
Dynamic Support and Resistance levels
Trend Direction Analyser Momentum and Sentiment identifier
Showing stop lost area,
Available on Tradingview.com
All currency pair
Free E-book guideline
More than 80% winning rate
Non repaint indicators
How it works on Tradingview?
MPA Performance on Live Chart:
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you should use it
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