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Wed,18Sep2019

PL_AXIS-60


Description

EURUSD 15min

The function "PL_AXIS-60" draws important horizontal price lines, based on the 1h-period in the charts.
The lines can be interpreted as folllows:

  • supply and demand zones
  • important support and resistance lines/zones
  • price areas where large traders (professionals, commercials, institutions) are buying or selling but retail traders are selling or buying (wholsale price vs. retail price).
    In general, the small traders (retail traders, private traders) are wrong.

 

Details

PL_AXIS-60

The function "PL_AXIS-60" draws important horizontal price lines, based on the 1h-period in the charts.
The lines can be interpreted as follows:

  • supply and deman zones
  • important support and resistance lines/zones
  • price areas where large traders (professionals, commercials, institutions) are buying or selling but retail traders are selling or buying  (wholsale price vs. retail price).
    In general the small traders (retail traders, private traders) are wrong.

Usage

The price lines drawn by the function "PL_AXIS-60" can be used as an important element in trading, espacially for:

  • entries
  • exits
  • targets
  • stops
  • for swing- or positiontrading
  • interpretation of price action, chart patterns, etc.
  • for daytrading in general

special Features

  • when changing the instrument in the chart, the lines are  automatically adapted
  • the lines are automatically activated or deactivated in higher timeframes
  • with one keystroke you can show or hide the lines

Data Maintenance

The data is manually maintained by us and accessed by the strategy/indicator.
The manual maintainance is burdensome but this ensures the high relevance ot the lines and thus the benefits for trading.

Availability

The function "PL_AXIS-60" is an essential part of the TT4Y_fxLevelLines, that are offered as a subscription (based on tools and dataservice).

 

Images

An example:

  • EURUSD 15 min

EURUSD 15 min

Read more:

 

Contact Information

Address:
Mag. Karlheinz Mungenast
Ueberbergweg 16d
A-6091 Goetzens / Austria

Phone:
0043 720 60 11 28
E-Mail:
info@TradingTools4You.com
Website:
www.TradingTools4You.com
www.TradingTools4You.de

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