It shows the price trend direction and its strength. The indicator detects the trend since the beginning of the week. (Recommended timeframe H1)
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.
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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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This indicator points out zones in which, with a high probability, institutional orders with the potential to change the price’s direction and keep moving towards it, have been placed.
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).
The indicator uses market profile theory to show the auction level on user-specified time basis. The Auction level is a key level of market that gives a trend bias depends on the location of price.