This TradingView indicator combines multiple technical analysis tools to assist traders in making informed decisions:
Support and Resistance Channels: The indicator plots the highest high and lowest low over a user-defined period, providing visual cues for potential support and resistance levels in the market. Three Exponential Moving Averages (EMAs): It includes three EMAs with adjustable lengths, helping to identify trends. The EMAs can smooth price data and signal potential entry or exit points based on crossovers. Bollinger Bands: The indicator features Bollinger Bands, which consist of an upper band, a lower band, and a moving average. These bands help gauge volatility and potential overbought or oversold conditions. Pivot Points: It marks pivot points with "Buy" and "Sell" labels, indicating potential reversal points in the price action. These are calculated based on the specified distance from recent lows and highs.