i use it on my 1200 tick chart in the first panel just to plot support and resistance. you can turn the indicator plot to false and auto scale off . put it in panel one and you get nice accurate support and resistance lines
Most people use them to visually confirm if the price is stepping up, down, or sidways. Some people also use them for entry points. This one is a little different because it is based upon a lower indicator. The swing, adxvma, etc. are more directly related to price action. I am looking at it but I am not really sure how this one is working. I would be interested to understand the logic, but I am having trouble finding the original post again.
I have one for NT6.5 PM me and ill give it to you. BTW I stopped using it for the most part. After watching it for months I found its best to judge changes in momentum and not so much support and resistance. Its works best in choppy markets where the range is clearly defined.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
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