PowerDynamiteAreas MTF level indicator for breakout and rebound trading

PowerDynamiteAreas MTF level indicator - This is a modification of the Fillelin forum user forexsystemsru.com version of the popular PowerDynamiteAreas level indicator, also known as PDA.

The PowerDynamiteAreas MTF levels indicator plots three nearest support and resistance zones on the price chart of the currency pair. At the same time, the indicator has a built-in MTF function, which allows displaying levels from any available timeframe. By means of the pivotStrength parameter you can set the importance of levels on a scale of 1 to 7.

According to the experts at fortrader.org, PowerDynamiteAreas MTF level indicator can become the main indicator in trading on the breakout or rebound from the levels, and the MTF function will increase its effectiveness. The indicator will also be useful for analyzing and drawing up a trading plan.

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