FxGlow Tight Congestion
This unique indicator detects the formation of a range of overloaded price action.
Forming region are marked on the graph and are suitable for trading breakouts, pullbacks and reversals.
Expected results
To achieve more accurate results, use this tool to supplement your trading system. It works best in combination with the right strategy.
Combination
Trade breakthroughs range to increase the possibility of combining the indicator with FxGlow Force Factor
Check out the strategy by clicking on the video link: https://youtu.be/lAOYs1RqsWU
Use an alternate exit strategy, combining LED with FxGlow Zone Barrier
Check out the strategy by clicking on the video link: https://youtu.be/GW_r0VytxiY?t=20s
Key Features
- Recognizes the stagnation zone and the formation range
- Neutral stagnation
- tight stagnation
- Draws the field price of the active actions that affect the following:
- Trade on pullbacks
- Trade on spreads
- Trading on the support and resistance levels
- Useful to price action
- EXAMPLE: http://postimg.org/image/z7gperybr
- Video example: https://youtu.be/xgSrAKkRNEQ?t=55s
- is not redrawn
- NOT recalculated
- The signals at the close of the bar
- It works on all cylinders
- It works on all timeframes
- It can be used
- It has the functions of a pop-up notification, the notification e-mail, push-notification and sound alerts
settings
- Period - the number of bars used for calculation of the indicator
- Factor - maximum coefficient for limiting the number of bands. The higher the value, the greater the range
- Maximum History Bars - the maximum number of historic bars
- Projection - display support and resistance levels
- Shade Congestion - display color shading of stagnation
- Activate Alert Box - use the pop-up notification
- Activate Email Alert - sending notifications via email
- Activate Push Notification - send push-notifications
- Activate Sound Alerts - sound notification
- Sound Alert File Name - the name of the sound file
Instructions for use
The indicator recognizes 2 types of stagnation- Normal = stagnation zone is shaded in gray, which indicates an average volatility ranges
- Thick = stagnation zone is shaded blue, which shows a more congested price action and ranges with low volatility
restrictions
- The resistance line = an area where we can buy for a possible breakthrough
- Support Line = sales in connection with a possible breakthrough
Zone
- Square blocks are areas that we can design. These zones are areas where the price might fall back, and then try to go back.
- In these zones, you can often find spreads, recoils and candlestick patterns
notes
The indicator is designed for a variety of manual trading methods.
First try the free demo version to test its effectiveness in combination with your trading systems.
Video
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