Critical Regions Explorer
Critical Regions Explorer displays the daily two fixed area. These areas are powerful zone in which a change of direction of the price movement can occur with high probability. The indicator can be used on any timeframe not older than day trading any instruments.
graphics functions
- The mapping of critical areas
- It is not redrawn.
Key Features
- The automatic terminal configuration.
- Available buffers for advisors queries.
How to trade
At the beginning of the day, perform the following four steps:
- Determine the upper critical region, which lies between the two red lines.
- Install warrant Sell Limit on both red lines or any price level between the red lines.
- Determine the lower critical area that lies between the two blue lines.
- Install warrant buy Limit on both blue lines or any price level between the blue lines.
recommendations
- Set the target point somewhere between the two areas.
- Set stop-loss outside these critical areas.
- Set the expiration time the end of the day or for a few minutes before the end of the day. Since these areas are changed daily.
basic settings
- SupportLabelColor: The color of the bottom line.
- ResistanceLabelColor: The color of the top line.
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