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[KG] Intraday Key Levels
Zaktualizowano
Key Level indicator is design to calculate potential Key Level which may act as Intraday Support or Resistance
Price is expected to bounce from these levels before break (or may not break at all)
There's 2 options in the indicator's setting:-
OPTION 1) Show Key Levels - Use this option for planning purposes.. Only use this before market open. Turn off this option when price is in motion.
-There are few lines.. GREEN, YELLOW and RED. Manually draw horizontal lines based on these lines and turn it off once done with planning.
-GREEN Line is intraday support, RED line is intraday resistance.
-YELLOW line will determine intraday BULLISH or BEARISH Bias.
-If price above and stay above YELLOW line, intraday bias will be BULLISH and it price stay below YELLOW line, intraday bias will be BEARISH.
Example of use case:-
1) If price open between YELLOW and RED, we will GO LONG if price bounce from YELLOW line and GO SHORT if price bounce from RED line.
2) We can also Short from RED line if price open near and below the RED (Resistance) line and Take profit when price bounce from YELLOW line.
3) If price open between YELLOW and GREEN, we will GO SHORT if price bounce from YELLOW line and GO LONG if price bounce from GREEN line.
4) We can also LONG from GREEN line if price open near and above the GREEN line (support) and Take profit when price bounce from YELLOW line.
OPTION 2) Show Trend - Use this option when to manage your trade.
- This option will draw all Key EMA and Trend Lines. Use trendline or EMA line as an indicator to hold onto your position until trend change.
Note: Best use with FiFT indicator during active session.
Price is expected to bounce from these levels before break (or may not break at all)
There's 2 options in the indicator's setting:-
OPTION 1) Show Key Levels - Use this option for planning purposes.. Only use this before market open. Turn off this option when price is in motion.
-There are few lines.. GREEN, YELLOW and RED. Manually draw horizontal lines based on these lines and turn it off once done with planning.
-GREEN Line is intraday support, RED line is intraday resistance.
-YELLOW line will determine intraday BULLISH or BEARISH Bias.
-If price above and stay above YELLOW line, intraday bias will be BULLISH and it price stay below YELLOW line, intraday bias will be BEARISH.
Example of use case:-
1) If price open between YELLOW and RED, we will GO LONG if price bounce from YELLOW line and GO SHORT if price bounce from RED line.
2) We can also Short from RED line if price open near and below the RED (Resistance) line and Take profit when price bounce from YELLOW line.
3) If price open between YELLOW and GREEN, we will GO SHORT if price bounce from YELLOW line and GO LONG if price bounce from GREEN line.
4) We can also LONG from GREEN line if price open near and above the GREEN line (support) and Take profit when price bounce from YELLOW line.
OPTION 2) Show Trend - Use this option when to manage your trade.
- This option will draw all Key EMA and Trend Lines. Use trendline or EMA line as an indicator to hold onto your position until trend change.
Note: Best use with FiFT indicator during active session.
Informacje o Wersji
Enhancement Include:-1) Multiple Timeframe Moving Average
- Current Timeframe Moving Average
- 1 Level Up timeframe Moving Average
- User Define Moving Average
2) Buy/Sell Signal (with Alert) at Bottom of the chart
3) Key Levels based on OHLC
4) Shade Uptrend or Downtrend.
Fully tested on FCPO and Forex.
Recommend to use together with FiFT and MCDX Momentum Indicator
Informacje o Wersji
Simplified the indicator to show Key Levels and remove overlap signal. 
Contact me to learn Turtle Trading System, MCDX and other indicators (t.me/SgxFx)
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
tradingview.com/script/mbiUr95n-MCDX-Plus/
tradingview.com/script/mcAidXIT-FiFT-Pro/
tradingview.com/script/viAR3Ilo-Trend-Sign
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