TakeOff Levels/Zones (Expo) automatically identifies and displays support and resistance levels based on momentum.
- Levels/Zones are displayed where there is a high probability that price can takeoff. Traders should look for breakouts from the Level/Zone.
- If the price doesn’t breakouts from the SR level/zone there’s a chance that the market has topped or bottomed out.
The indicator can be used standalone or as a part of your current trading strategy.
- No repainting
- Works on any market
HOW TO USE
1. Use the indicator to identify where the price can takeoff.
2. Use the indicator to identify potential breakouts.
3. Use the indicator to identify potential reversal points.
INDICATOR IN ACTION
1 min chart
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