Works on any Time Frame, and all assets, checkbox for Higher or Lower TF in settings
This indicator change the color of the candles and can highlight the background, when various level of indicators reach a certain level.
We have added the option for you to choose if you want to see the indicator from a different resolution/TimeFrame that the one you are working on.
This Premium version have and Color Candle Divergences marked with Arrows and Label and have been pre programmed with alerts to give you better signals.
This indicator, draw and plot everythings live
Candle Color meaning:
Yellow : SUPER OverBought Area
Green : OverBought Area
Marroon : OverSold Area
White : SUPER OverSold Area
Green : Area
Dark Green : Start of Area
Orange : Start of Area
Red : Area
Better understanding, view and other confirmation when use with other NazcaProjections tools:
An Arrow above a Candle marks the formation of a Potential Divergence.
A Label above a Candle markets the confirms of the Divergence and the high probability of an imminent move.
An Arrow below a Candle marks the formation of a Potential Divergence
A Label below a Candle marks the confirmation of the and the high probability of an imminent move.
Alerts - Alarms
Various alerts, when candle are changing color have been pre-program and can be set in the Alerts Panel:
Free, Open Version without the Market Divergences Detection Algorithm (MDDA) can be found here
Detailed user manual can be found here
Some others example & MANUALS