GENIAL DAX indicator by geniali

trendanalysis dax dax30 daxshort daxlong daxanalysis dax-30 daxtrader de30eur

This trend indicator highlights the price movement through the support and resistance levels, together the calculation of an anchored line that confirms the rupture or bounce of price on those. For calculation is used the combination of simple moving averages for EURUSD, DXY and the correlation with DAX price in real time.

The indicator draws support, resistance and a black line that indicates the correlation calculation.

Good entries could be taken when price breaks or bounce on support or resistance level, and this movement is confirmed by the anchored line.

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Release Notes:

Distance values updated.

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