The indicator uses market profile theory to show the most relevant trading zones, on a daily basis. The zones to be shown are LVN (low volume nodes) and POC (point of control).
How is this indicator useful?
For each day, the indicator will show within a given price chart and under any timeframe, the following components:
Support and questions:
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About the Author:
Carlos Forero, Member of Clever Trading Club, a private organization with the purpose of design clever solutions to generate constant profits with adapted risk.
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Very robust and powerful indicator, which allows through its 4 components, trade the market in trend or not trending conditions. it based on a very reliable trading strategy and gives you all you need to be succesful in trading.
LITE VERSION ONLY ON EURUSD / FULL VERSION HERE
The indicator predicts, with a specific probability, if the actual candlestick range will expand or contract compared to the range of a previous candle. Furthermore, the indicator shows the possible high or low of the actual candle, based on trend direction. (Recommended for Daily, Weekly or Monthly timeframes).