This indicator marks some Support and Resistance Zones and levels
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Please do not take trades on this indicator, just observe The indicator has multiple features that can be explored from input settings.
There are 2 major parts to the indicator 1) Marks Balance zones, where pending orders are expected to help create a bounce or reversal. We tried to make it a leading indicator. This puts you way ahead of other supply demand traders. We mark zones based on confidence. We do not mark zones with lesser probability of pending orders, This way the indicator ensures higher probability of bounce in future. Look for untested zones for higher success. These also mark the change of bearish trend to non-bearish phase and bullish trend to non-bullish phase. 2) It marks support resistance levels based on previous price action, this is a lagging indicator and it is pretty helpful to enhance your trade success probability. 3) We have also added standard tools like CPR and Moving average to enhance your trades.
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added a background color to give bias
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few fixes
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Better Display of addons
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small changes
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Few more fixes :)
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Added a cloud and cloud-color
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Small fixes
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Few Cosmetic changes
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Added a beautiful trendline feature. You just need to select the first point for the trendline drawing and the trendline updates itself. So, no more worries about updating trendlines. Also, we have seen many traders drawing terrible trendlines. This should help them too. We have always provided reliable horizontal lines, now, with the trendline, we have covered another dimension
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Can show both Bullish and Bearish Trendlines simultaneously on Chart
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Small fixes :)
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We added the trendline back, we have added a shadow. To help understand trend, we have colored the trendline and the shadow.
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Changed settings display a bit :)
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Added Background color to give bias to your trades. We also have Moving average color to understand trend Cloud feature was given a major upgrade.