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PANA Kanal

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Fibonacci Mystery - [System] Captain Optimus Strong - VIDYA Pro - MA Crossover - Volume Strength Spotter

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Product Description

Lucky Red Envelope Mashup: Get 3 high-quality indicators at an incredible price

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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.

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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

    Excellent Customer Service

    I ordered a couple of indicators and the 10,000+ Financial Articles. Initially, I did not receive any download instructions after my purchase, due to my internet provider. However, Pi noticed that I had not downloaded my purchases and so he contacted me and provided another means for me to obtain the products. I was very impressed with his desire to make me a happy customer. Besides his excellent customer service, his products are first-rate. I really like the simplicity and speed of the Superfast Ordering indicator, it’s just what I was looking for. As a trading room moderator, the “Show Context Status” feature is a great way for other traders to see at what price the next trade will be placed at. Thank you Pi, keep up the good work!

  2. product_image PANA Kanal $$
    5 5

    Fakey Pro, Inside And Outside Bars

    These bars (Fakey Pro + Inside Bar Pro + Outside Bar Pro) are functional in SharkIndicators BloodHound and BlackBird as well as siRaven. This is an important quality if you are into automating your buy/sell signals. Have to say ninZa.co provided a fast fix over the weekend to correct an issue. Their indicator prices are very reasonable and very useful.

  3. product_image PANA Kanal $$
    5 5

    Customer Support Service Is Top-Notch

    I believe tonight was the first time I ever had the pleasure of having someone (support) available to respond to an issue I was having with an NT8 3rd party indicator. Keep Up the GOOD work!!! (Robin).

  4. product_image PANA Kanal $$
    5 5

    Be$T Alligator

    Be$t Alligator is an excellent trading system! I finally found something that works by helping take the emotion out of trading. I love it and am very happy with my purchase.

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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