the_w15rdx

matrix on chart

this indicator uses several tools to provide detailed and accurate information across various time frames about the overall trend of the market it also shows the strength of the current move in the top confirmation bar it does this by showing both the direction and how much chop there is in the market simultaneously in the 4 colour bright green being a trend with no chop dark green is a bullish trend where chop is occurring, dark red is a bearish trend where chop is occurring and bright red is a bearish trend where no chop is occurring to make this even more evident these 4 confirmation bar colours are also drawn onto the candles as triangles above and below the candle when they are in the no chop zone and as dim squares above and below the candles when the chop is occurring. also at the top of the screen you will find occasional + symbols these are an additional confirmation on whether the market is bullish or bearish .

moving down to where the candles are on the chart you will find 3 lines inside of the trend flow this is a modified Williams alligator which can be used in conjunction with the other tools as a base line to hold the system together. this indicator also plots your higher highs, lower lows etc and plots where you've broken through them with a little X above or below the candle that broke through this can help you see at a quick glance if a support or resistance point has been broken. the other way of showing potential support and resistance is with the Fibonacci retracement tool that is automatically drawn onto the chart so you can help find those optimal turning points for continuing on a trend. lastly on the charts you will notice little flag icons these are designed to be little floating take profits with the idea that when a flag appears you should take partials if not the whole position off the table and wait for another entry or for other movement to occur

Script protégé
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