What are today's critical levels? Yes, today - completely unrelated to prior days! And you can still manage to trade today's session even if prior days' price action is unavailable (imagine, your data feed fails to load prior days' data).
You will be shocked just like us when applying this indicator to your chart and seeing the power of these adaptive support/resistance levels. Despite their straightforward formula, these levels are so effective, so powerful, out of your imagination. These levels are places where the market frequently aim for rest, bounces, reversals.
What makes these support/resistance levels intact throughout the day? That is because they are not fixed levels. They dynamically adapt to price action by automatically updating themselves whenever the market makes a new high or low.
Without these dynamic support/resistance levels printed on your chart, you will easily trade blindly and cannot avoid innocent losses.
Our innovative ribbon (which can be placed at the top or bottom) visually tells you how bullish/bearish the market is. For example, when the market is far from the center plot, the ribbon is MORE red/blue than when the market is near the center plot. Very convenient, right?
If you are an intraday trader, get a copy today! Plug it into your chart and start seeing where the market target with crystal clarity.
These adaptive support/resistance levels can help you have very good setups with a great reward:risk ratios, as seen below.
Key features:
- Plot 5 important support/resistance levels for today's session
- Automatically adjust the S/R levels to adapt to market price action
- Allow fully configuring the placement of upper mid & lower mid
- Colorize center line to reflect if the market is bullish or bearish
- Paint 4 price zones in 4 different colors for clear price categorization
- Display how bullish/bearish the market is with an innovative ribbon
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
- Signal_State:
- 2 = from UpperMid to High
- 1 = from Center to UpperMid
- -1 = from Center to LowerMid
- -2 = from LowerMid to Low
- 19 Aug 2020 - Massive changes, fixes, and improvements were made (DPI, display name, Z order, chart info, property naming/positioning/grouping); signal state was revised; all plot values were rounded to the nearest tick size; ribbon was added.
- 15 May 2019 - The indicator was released (built new).
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