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Dynamic Volume Levels & Breakouts

23
Updated and improved v.1.3

Description

This mathematical indicator exposes the different volume-weighted multi-temporal key price levels and their breakouts.

Background

The volume factor allows us to align our analysis to institutional activity, this gives us a guarantee of “true” movement behind the price action. In addition, the 200-session factor naturally acts as a “magnet” where the price tends to interact statistically. Finally, in conjunction with these two variables, multi-temporality is integrated, which gives us a full spectrum of levels of interest.

By default, it is designed to work in 1D temporality, the indicator shows breaks and is strategically distributed (most traded time frames).

The indicator is fully customizable according to each strategy, although its essence is mostly remarkable in high temporalities.

Suggestions for use

Institutional levels
Dynamic support and resistance
Death and Golden Cross
Trend confirmation and strength

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