Break
The idea of this indicator is to show the price trend, the pivot-based control points and possible Long and short trades.
The pivot points create levels of support and resistance , if the price breaks the resistance means that the price is bullish , if the price breaks the supports means that the price is bearish .
It shows the highs and lows based on pivot points , showing HH LH HL LL depending on the previous pivots .
A better confirmation for an uptrend is to expect higher high (HH) and then a Higher Low (HL), and for a downtrend expect Lower Low (LL) and then a Lower High (LH).
When the price breaks a previous high or low level, a signal will be triggered in that direction, it is also possible to filter these signals with a ribbon of moving averages, you can choose up to 14 different types of MA's.
The idea of this indicator is to show the price trend, the pivot-based control points and possible Long and short trades.
The pivot points create levels of support and resistance , if the price breaks the resistance means that the price is bullish , if the price breaks the supports means that the price is bearish .
It shows the highs and lows based on pivot points , showing HH LH HL LL depending on the previous pivots .
A better confirmation for an uptrend is to expect higher high (HH) and then a Higher Low (HL), and for a downtrend expect Lower Low (LL) and then a Lower High (LH).
When the price breaks a previous high or low level, a signal will be triggered in that direction, it is also possible to filter these signals with a ribbon of moving averages, you can choose up to 14 different types of MA's.
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🔰 Indicators Link: https://ko-fi.com/verticaltraders/
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🔰 Indicators Link: https://ko-fi.com/verticaltraders/
🔰 About me: https://www.upwork.com/freelancers/verticaltraders