Future Key Levels
Future Key Levels analyzes historical market structure and recent price action to give traders accurate market levels which have a high probability to be respected in the future. This is all possible using sophisticated mathematical calculations and logic.
The levels are mapped out in real-time which makes it easy to know beforehand where the price can find resistance/support. The future key levels can confirm the existence, or a continuation of a trend as well as be used to find a trend reversal. Therefore it’s important to combine this indicator with other methods in order to confirm the price action around these levels. Once you master that, you’re going to be a profitable trader!
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Future Key Levels is integrated into Extreme – SR Levels/Zones (Expo)
Below you find some examples of how to use the feature.
How to use Key Levels
Key Support
Focus on the yellow Future key level. The indicator identifies a key level and starts to plot the level in real-time.
Price hits the level and bounces immediately, wicks are created and candlesticks pattern occurs. The Future key level worked perfectly as support.
Key Resistance
Focus on the blue Future key level. The indicator identifies a key level and starts to plot the level in real-time.
Price hits the level and bounces immediately, wicks are created and candlesticks pattern occurs. The Future key level worked perfectly as resistance.
Key Consolidation/Ranging Zone
Focus on the yellow Future key levels. The indicator identifies 2 key levels and starts to plot the levels in real-time.
Price respects the upper level and bounces back down to the lower level which is also respected. The future key levels are tested multiple times before the price finally breaks down. These levels should not be considered as “exact” rather as zones to keep a close eye on.
The Future key levels worked perfectly to identify consolidations.
Key Bullish Pullback Level
Focus on the yellow Future key level. The indicator identifies a key level and starts to plot the level in real-time.
Price breaks through the level and comes back and re-test the level. Hence a pullback is identified.
The Future key levels worked perfectly to identify a pullback.
Key Bearish Pullback Level
Focus on the yellow Future key level. The indicator identifies a key level and starts to plot the level in real-time.
Price breaks through the level and comes back and re-test the level. Hence a pullback is identified.
The Future key levels worked perfectly to identify a pullback.
We hope that you gonna find this feature valuable! If you have any questions or suggestions on how to make it even better please let us know!
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/strategies/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!