Today i will be showing you how to use Curved Trend Line indicator.
This indicator contains 21 period ema which is red line and 20 period sma which is yellow line.
This 2 averages together work like a trendline. So if the prices are below both lines we are in a downtrend and vice a versa.
If price is in the green are which between the 2 lines, that means price is in a area of indecision.
Just like regular trendline, this curved trendline shows us resistance and support areas.
Let me show you with an example.
Begining of Feb 01 2021, price breakout above the Curved Trend Line (CTL) and test it 5 weeks later.
Test was succesful and price went to the local top quickly.
After that price went back down to the CTL and couldnt hold it as support losing more value.
Price hit the major support of 0.58 area and goes back above CTL.
Again goes back down to test it as support and held the line. Price rise again before testing CTL as support and failed.
For more than 3 months price movement is between CTL and 0.58 support area.
Right now we are at the 0.58 price zone and will probably test CTL area which is around 0.75!
This is an indicator that works as an support - resistance of a price!
You can also use this CTL to validate your formations, SL-TP points!
Use this CTL with daily or higher timeframes for more accurate decisions!
If you want to try that %100 free indicator just message me!
This indicator contains 21 period ema which is red line and 20 period sma which is yellow line.
This 2 averages together work like a trendline. So if the prices are below both lines we are in a downtrend and vice a versa.
If price is in the green are which between the 2 lines, that means price is in a area of indecision.
Just like regular trendline, this curved trendline shows us resistance and support areas.
Let me show you with an example.
Begining of Feb 01 2021, price breakout above the Curved Trend Line (CTL) and test it 5 weeks later.
Test was succesful and price went to the local top quickly.
After that price went back down to the CTL and couldnt hold it as support losing more value.
Price hit the major support of 0.58 area and goes back above CTL.
Again goes back down to test it as support and held the line. Price rise again before testing CTL as support and failed.
For more than 3 months price movement is between CTL and 0.58 support area.
Right now we are at the 0.58 price zone and will probably test CTL area which is around 0.75!
This is an indicator that works as an support - resistance of a price!
You can also use this CTL to validate your formations, SL-TP points!
Use this CTL with daily or higher timeframes for more accurate decisions!
If you want to try that %100 free indicator just message me!