Serious traders pay attention to SD levels. Here I use XARDs Fractal lines. On my charts I have been drawing those by hand following high TF SD levels. Those levels remain on my chart forever, so to speak. You can scroll back as long as you want, they are ALWAYS relevant and you need to pay attention. They are not just some fancy lines drawn now to fit the price action. Some may tell you that SD levels cannot be traded because "price may break through them" have a poor understanding of how to deal with those levels. It's not as simple as..."Oh, the price hit a supply level, now I'm going to sell". Like in business, if buyers are willing to buy at that current price and thus demand is still high. Price continues to rise. And vice versa. Thus, watch out. All the best
By the way, the cci in the subwindow is pretty good in showing divergences or possible turns.
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Re: MT4 Trading Systems (Old or new!) Please post here
RplusT, Tue Sep 29, 2020 2:07 pm