Disliked{quote} Just read 1 message and follow the link for more detailed information. Using this indicator in its pure form, I am not sure about getting stable right deals. But add on your own experience and you can get the prospect. I use a combo of this indi, and other levels.Ignored
Hi Cash,
Welcome. I will be uploading the final version 2.0 soon (without the alert popup). That was just a pre-release.
Yes, the indicator will basically give you levels at the highest number of highs and lows (or just one of these, dep. on settings). You can limit the time range within which to look for these levels with vertical lines or a box (new in v2). It will be most accurate when you isolate a particular range that price is moving toward (using vertical lines or the box).
For example, this one happened just a few hour ago: Price moved quickly toward the reversal cup (box in chart). We want the price that the market is most likely to turn at which is usually hidden within a range at a better price than at the highs of the range (that's why I call them golden levels since you have to dig for them). Price hit a nice cluster of 3 golden levels and reversed at 114.45.
You have posted some good examples. Nice and clean!