KG BS BAND Level Range TT Trading Indicator: Trade on pivot levels
KG BS BAND Level Range TT Trade Indicator - Another modification of the author's indicator by Tankk, the author of many technical indicators for profitable trading, who is already known to our readers.
The KG BS BAND Level Range TT indicator plots a pivot level on the price chart from the high timeframeThe Pivot level, which is indicated by the trader. From the central Pivot level the indicator builds three additional levels up and three levels down, thereby forming dynamic channels that serve as reference points for price movement.
Timeframes from H1 and higher are available for setting the central pivot level, the indicator parameters allow setting the central level shift, as well as enabling/disabling the additional levels and their visual display.
KG BS BAND Level Range TT Trade Indicator can be used by analogy with other indicators of dynamic levels, opening transactions on a bounce of the price from them with the target near the central level.
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