The Multi Touch Confluence Indicator Subplot
The confluence zone is specified as a point difference.
When confluence is found, the indicator will paint vertical lines of different color and width.
- Blue Zones indicate a confluence of 3 EMAs across all time frames
- Orange Zones indicate a confluence of 4 EMAs across all time frames
- Red Zones indicate a confluence of 5 or more EMAs across all time frames.
The maximum number of time frames being used is 6.
The maximum number of EMAs per time frame is 4.
When confluence occurs it usually indicates a precursor of price expansion. This indicator can be used to determine when momentum is about to come back into the market.
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Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact LiquidityTracker directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.