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PANA Kanal - Support/Resistance Radar - [System] Cosmik Z-TP

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PANA Kanal

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Product Description

PANA Kanal is truly special thanks to the sophisticated combination of the Fibonacci algorithm and ATR, creating a ribbon band that not only clearly identifies trends but also highlights dynamic support and resistance levels to determine signals.

So, what else can this indicator provide for you?

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1. Pullback and Break signals

  • Pullback signal: What makes this signal unique is that it appears only once in a trend. With our settings, you can spot it right at the beginning of the trend, offering higher reliability and eliminating all subsequent pullback signals. This signal is ideal for you if you prefer to enter a single trade and hold it for an extended period.

  • Break signal: Equally impressive, in a trend, if it appears for the first time, it can show up anywhere. But from the second occurrence onward, it must pass through and meet two filters before being formed: first, it enters the support/resistance zone, and second, it crosses the main plot line. This boosts the reliability of the break signals.

    Why do we say the break signals are reliable?
    Because if they are created by only relying on the price entering the support or resistance zone, they will be too fragile and unreliable. Therefore, PANA Kanal allows 1 more step: if the price reacts at these levels by waiting for it to cross the plot line. At that point, we see that the price has a very strong upward momentum after approaching support and resistance, which enhances the reliability of the break signals.
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2. Dynamic Support and Resistance

Moreover, these support and resistance lines are dynamic, allowing you to closely follow and react to minor price fluctuations better than static support and resistance lines. This way, break signals can be generated frequently, making it ideal if you trade in a scalping style.

3. Stop and Target points

Additionally, this indicator provides stop and target points. First, it offers a trailing stop line, allowing you to place stops above/below it whenever you enter a trade. Second, there are markers that clearly show where the indicator suggests you place your target, which also marks the potential future price points.

4. Market structure

Finally, PANA Kanal also offers a sign to recognize market structure to understand the momentum of the trend such as: 

  • When the trend is in an uptrend, the market structure continuously breaks the highs.
  • When the trend is in a downtrend, the market structure continuously breaks the lows.
  • When the trend is weakening, the market structure cannot surpass its nearest peak.
  • When the trend is sideways, the ribbon will be flattened.

Recognizing these things helps add an extra layer to your confidence while trading.

panakanal2

Dedicated NinjaScript signals:

  • Signal_Trend: 1 = uptrend, -1 = downtrend
  • Signal_Trade: 3 = pullback bullish, 2 = break up, 1 = uptrend start, -3 = pullback bearish, -2 = break down, -1 = downtrend start, 0 = no signal

Software Changelog

  • 05 Oct 2024 - The indicator was released (built new).

Product Media

These media materials may have been recorded/captured in favorable markets. Please review our acceptable marketing practices.

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From very happy customers... 500+ reviews →
  1. product_image PANA Kanal $$
    5 5

    Gratitude To Hannah For Outstanding Support In Resolving Issues With Indicators Consolidation

    I wish to thank Hannah for the support she has given me recently in promptly resolving issues I had consolidating indicators. Hannah resolved a number of complicated issues for me and now all of the indicators work perfectly. Those of us that use ninZa.co indicators know how robust and customizable they are - but what has made the biggest difference to me is the support I have always received - to get the best out of the indicators and resolve queries promptly. Thank you so much, Hannah, for all your help.

  2. product_image PANA Kanal $$
    5 5

    Multi-Osc OB/OS Overlap, Solar Wind Plus KingRenko$ Bar With Outstanding Support From Miss Grace Lopez

    I was struggling to set up my newly bought product in the name of Multi-Osc OB/OS Overlap, Solar Wind plus KingRenko$ bar I just bought it. As soon as I started the chart box, Miss Grace Lopez came to my rescue. She lead the way, connected to my computer with my permission, and set up my software without any problems. She was patient and kind. I am so grateful to her and truly appreciate her assistance. She is certainly an asset to your company. Hopefully, she will stick around longer and ninZa.co group of companies i.e. personnel will appreciate her contribution to the company. Once again, Thank you Miss Grace for your effort in solving my frustration at 2:00 Am in the morning.

  3. product_image PANA Kanal $$
    5 5

    Effective indicators and excellent customer support team

    Robin is the most supportive person and Indicators from ninZa.co are so effective.

  4. product_image PANA Kanal $$
    5 5

    Hannah's service was really top-notch and speedy

    She's been quick to handle my questions and swift in delivering those indicators. Whenever the indicators didn't quite match my trading style, she was super cool about swapping them out and even assisted me with setting up AI automation for my trades. Overall, I've been pretty impressed with her service, and I'll drop more updates once I've put those new indicators to test.

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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