The purpose of this indicator is to display the time of reversal of price movements and strong levels where a reversal is probable. This can be seen in the screenshots, provided for different time intervals.
Blue line - the main line. It shows the direction of the reversal and the significance of the level. Trades should be opened after the recession of the spike by choosing the strongest spikes. The stop loss level should be placed close to the top of spike of the currency pair plus a few points. The take profit level should be placed several times further than the stop loss level.
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Red line - additional line. It shows the strength of consolidation. After a blue spike, it is the best time to enter on a red spike.
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Settings
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- Multiplier - allows to proportionally increase the level of the red line for better visibility relative to the blue line.
- AlertLevel - the level to output alerts.
- SendNotification - send push-notifications to mobile devices, true/false.
- decibel - convert the indicator values to decibels for a better visualization, true/false.