TakeOff Levels/Zones (Expo)

TakeOff Levels/Zones (Expo) automatically identifies and displays support and resistance levels based on momentum.

• Levels/Zones are displayed where there is a high probability that price can takeoff. Traders should look for breakouts from the Level/Zone.
  
• If the price doesn't breakouts from the SR level/zone there's a chance that the market has topped or bottomed out.
  

The indicator can be used standalone or as a part of your current trading strategy.

• Real-time
  
• No repainting
  
• Works on any market
  

HOW TO USE

1. Use the indicator to identify where the price can takeoff.
2. Use the indicator to identify potential breakouts.
3. Use the indicator to identify potential reversal points.

INDICATOR IN ACTION

1 min chart

I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

• Contact me on TradingView or use the links below

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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!

Release Notes:

Major Improvements!

• Market Change signals are added. --> These can be used to confirm the TakeOff Levels.
  

Best

Release Notes:

Improvements!

• Positive and Negative Change / Impulse signals are now added. --> These can be used to confirm the TakeOff Zone
  

Release Notes:

Improvements!

• Performance Improvements
  
• TakeOff labels Added
  
• Alerts Added
  

Release Notes:

Minor update!

Release Notes:

Improvements!

• Performance Improvements
  

Release Notes:

Improvements!

• Alerts Added
  

Release Notes:

Improvements!

• Crossover and Crossunder alerts added
  
• Performance improvements
  
• Tooltips added
  

Release Notes:

Performance Improvements

• Improved TakeOff Calculation
  

Release Notes:

Performance Improvements