LIVIDITIUM Channel {PREMIUM} — Indicator by cybernetwork

trendanalysis supportandresistance movingaverage lividitium parallelchannels dynamiclevels fibonaccianalysis dynamicresistance dynamicsupport dynamicsupportandresistance levelsandzones

This is the LITE version of LIVIDITIUM {PREMIUM} -- with colored streaks highlighting oversold or overbought conditions along the LVDT-bands.

The LIVIDITIUM is a set of indicators centered around a series of parallel dynamic bands call the LVDT guide bands, defined by lines call the LVDT levels. Major LVDT levels have thicker line-widths.

LVDT levels are constructed from a mathematical conjugation of the complex golden ratio solutions.
>> Useful to determine critical levels, indicates possible support levels, as well as major and minor tops/bottoms.

Look at historical interactions to work out key levels for any particular chart, and adjust the displacement offset value to get the LVDT levels to conform better to a particular chart at a particular time-frame.

Note:
In no way is this intended as a financial/investment/trading advice. You are responsible for your own investment/trade decisions.
Please exercise your own judgement for your own trades base on your own risk-aversion level and goals as an investor or a trader. The use of OTHER indicators and analysis in conjunction (tailored to your own style of investing/trading) will help improve confidence of your analysis, for you to determine your own trade decisions.

Please PM me for access information.
(Bundled with LIVIDITIUM {PREMIUM})

Release Notes:

Tweaked default low time-frame parameters.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact cybernetwork for more information, or follow the author's instructions below.

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