BreathEasy_PriceAction_Indicator_Basic
I was wondering why after a certain level of price stretch during the day trading, it tends to act crazy, and all the price action strategy fails even after multiple confirmations. The majority of traders including self fail to read the chart the proper way. Hence it made me develop this indicator so that I can be sure of what is happening on the chart
What is this indicator all about?
Everybody heard about the momentum indicator. The classic momentum shows the difference between the current price and the price N periods ago. How far in the past the comparison is made is up to the trader.
This is a typical price action indicator plotting the key support and resistance on the timeframe traded (specifically designed for day trading where time frame can be lesser than 30 Min.
What it can do?
1. Early signs of reversal
2. helps you to decide when to enter and exit.
3. Volatility of script
4. Day Range.
What calculations consist of?
1. ATR
2. Price stop and move points.
3. BBP
What is this indicator all about?
Everybody heard about the momentum indicator. The classic momentum shows the difference between the current price and the price N periods ago. How far in the past the comparison is made is up to the trader.
This is a typical price action indicator plotting the key support and resistance on the timeframe traded (specifically designed for day trading where time frame can be lesser than 30 Min.
What it can do?
1. Early signs of reversal
2. helps you to decide when to enter and exit.
3. Volatility of script
4. Day Range.
What calculations consist of?
1. ATR
2. Price stop and move points.
3. BBP
Versionsinformation:
Better Version as fixed few bugs