The indicator measures, through the zigzag indicator, the levels of trend or correction.
it shows in the chart the levels of each low or high detected.
How is this indicator useful?
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Carlos Forero, Member of Clever Trading Club, 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.
It shows buys and sell signals with suggested stop and target. In the same way, it calculates the essential trading analysis statistics as successful and profit ratio.
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).