How this works: This Indicator looks to identify patterns which shows high movement area which may have occurred due to big orders at that time. It helps to Identify Price Action Zones where we may anticipate some reverse move. These Zones & Moves are helpful for Traders.
Buying Zone is below current Market Price. It indicates Price Action area where Buyers overpowered Sellers hence there was big Leg out Candle. This zone may again give buying momentum if Price comes back to that level. As a Trader one may take opportunity enter into the Trade on Bullish Side.
Selling Zone is above current Market Price. It indicate Price Action area where Sellers overpowered Buyers hence there was big Leg out Candle. This zone may again give Selling momentum if Price comes back to that level. As a Trader one may take opportunity enter into the Trade on Bearish Side.
DISCLAIMER:
This indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
It is strongly recommended that you should get full knowledge of how price actions work and wait for the clear indications before attempting.
Release Notes
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Added new Features and Settings for Momentum Zones.
Added Prices in Labels
Bug Fixed
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Price bug Fixed.
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Bug fixed and new settings added.
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Bug Fixed
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Bug Fixed.
Release Notes
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We have updated Boring Candle option in the list. Now you can highlight with blue color the Boring candles in the charts.
Release Notes
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Bug Fixed of Boring Candle, Also, show and hide Boring candle from Style Section.