MichaelGfx

FSS Signals [Blu4x]

MichaelGfx Pro Updated   
FSS is a great tool giving you:

1. FVG - Fair Value Gaps
Fair Value Gaps are most commonly used amongst price action traders and are defined as instances in which there are inefficiencies, or imbalances, in the market. These ‘imbalances’ simply suggest that buying and selling are not equal.

2. Multi-timeframe Support and Resistance zones on the same chart
For example: show a support or resistance levels for H4 chart on a H1 or M15 chart. This is very useful specially if you want do top-down analysis and looking for your entries on the lower timeframe.

3. Trading sessions
This is crucial to highlight when different markets open/close around the world. Ideally you want to trade London and/or New York as these are the session with most volatility .

4. Highs and lows
If you understand market structure you need highs/lows. With this tool you don't need to guess these pivot points as they are done for you.

5. Buy and sell signals
I recommend you use the higher timeframe when you want to use buy/sell signals. When the candlestick are below the 200 EMA you want to look for SELL signals and when the candlesticks are above the 200 EMA look for buy signals. Then you want to look at the lower timeframe price action for your entry. DO NOT enter signals blindly. You can also set alerts for buy/sell signals.

6. Dynamic support and resistance cloud
This cloud is great to determined your directional bias. Orange is bearish and blue is bullish .

7. Color changing EMA
This is a 200 EMA that changes colors depending on the trend. Usually if candlesticks are below the EMA then trend is down and when candlesticks are above EMA then trend is bullish .
Release Notes: Changed SR levels to zones. These are the chart timeframe SR zones.
Trading sessions are turned off by default.
Release Notes: Added "Days of the Week"

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