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SmartTrend Support &
Resistance
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📊 ZigZag Price Liquidity Projection Indicator
"See where the market might turn before it happens!" 🔮
This indicator identifies key support/resistance levels 🛑 and predicts liquidity zones 💧 on your chart using:
- 🔍 Pivot Points: Detects significant highs and lows
- 📈 ATR Volatility: Measures price fluctuations for precision tuning
- 💦 Liquidity Projections: Anticipates high-activity areas (buy/sell clusters) through zigzag patterns
🎯 Purpose: Predicts price reaction zones (bounces/breakouts/consolidations) to improve entry/exit decisions
✨ The Zigzag Advantage
These connected lines act like a treasure map 🗺️ showing:
1️⃣ Future price paths within defined ranges
2️⃣ Potential reversal zones where price might stall or reverse
3️⃣ Visual reference points for trade planning
🚦 Key Features:
- 📅 Early warning system for important levels
- 🎯 Projects future moves based on pivot structures (bullish/bearish paths)
- 🔢 Touch counters (e.g., "24" = 24 historical tests at that level)
⚙️ Recommended Settings
SettingValueEffect
ATR Period
30
🎚️ Volatility sensitivity
Pivot Period
30
🔍 Pivot significance range
⏳ Best Timeframes: 15min - 4hr charts ⏱️
💡 Pro Tip:
"Combine with candlestick patterns 🕯️ for confirmation! The zigzag shows WHERE price might go, candles show WHEN it's happening."
🎯 Final Takeaway:
A powerful all-in-one visual tool for spotting:
✅ Liquidity zones 💦
✅ Critical levels 🎯
✅ Future price paths 🚀
Perfect for intraday traders who want to anticipate moves rather than chase them! 🏃💨
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