Power advanced
overall
The indicator can give very important information, which can be used to build support / resistance levels, the definition of a trend reversal, impulsive movements, will be a good assistant in candlestick analysis, sees some activity of major players.
Using
Only one parameter (Period), a larger value gives stronger and more unique signals simultaneously. For the analysis it is recommended to use multiple copies of the indicator with different parameters, period M30 and higher.
indicator line are interpreted as follows:
- Red - indicates the accuracy of the assumptions that have been up to now. It is desirable that it is above or below 0.95 -0.95.
- Blue - indicates the direction of the movement of money.
- Green - unrealized potential movement.
The table shows what the indicator value may indicate:
1 | Buy (support level) | X | X | X | ||||
2 | Sell (resistance level) | X | X | X | ||||
3 | Free bullish move, "Acceleration" of the trend / uncertainty | X | X | X | ||||
4 | Free bearish movement, "Acceleration" of the trend / uncertainty | X | X | X | ||||
5 | "Acceleration trend" / approximation to the resistance (intentional movement) | X | X | X | ||||
6 | "Acceleration of the trend" / approximation to the level of support (intentional movement) | X | X | X |
7. If the previous bar was the signal to the execution of the warrant BUY or SELL and the current value of the red line (accuracy) has changed a lot, the green remained unchanged, the signal to buy / sell increases. This may be an attempt to provoke a strong movement and a great desire to break through the level.
The screenshots will be shown numbers of market conditions, the corresponding table.
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