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Deep/High Trend Reversal Levels
Deep/High Trend Reversal Levels (DHTRL)
The Deep/High Trend Reversal Levels by (ebecihalil) indicator provides precise BUY and SELL signals to help traders identify potential market turning points. The indicator dynamically analyzes price movements to highlight significant levels of interest where the market may reverse or continue trending.
Key Features:
SELL Signals (Red Labels): The indicator identifies critical points of potential resistance and displays a red SELL label above the price, signalling an opportunity to go short or take profit.
BUY Signals (Green Labels): It also identifies significant support levels, marking them with a green BUY label below the price, indicating a possible entry for long positions.
Customizable Settings:
Signal Sensitivity: Adjust the settings to fine-tune the conditions for detecting SELL and BUY signals, making the indicator adaptable to different trading styles and timeframes.
How It Works:
The indicator monitors price action to detect key zones where the price may react strongly.
SELL Signals appear at levels where downward pressure is likely, while BUY Signals highlight zones where upward momentum could begin.
Use Cases:
Reversal Signal Detection: Spot areas where the price might change direction, allowing you to anticipate market movements.
Trend Confirmation: Use the signals to confirm trends and align your trades with potential market continuation points.
Ideal for:
Traders seeking reliable entry and exit signals.
Anyone looking to enhance their strategies with actionable support and resistance insights.
The Deep/High Trend Reversal Levels by (ebecihalil) indicator provides precise BUY and SELL signals to help traders identify potential market turning points. The indicator dynamically analyzes price movements to highlight significant levels of interest where the market may reverse or continue trending.
Key Features:
SELL Signals (Red Labels): The indicator identifies critical points of potential resistance and displays a red SELL label above the price, signalling an opportunity to go short or take profit.
BUY Signals (Green Labels): It also identifies significant support levels, marking them with a green BUY label below the price, indicating a possible entry for long positions.
Customizable Settings:
Signal Sensitivity: Adjust the settings to fine-tune the conditions for detecting SELL and BUY signals, making the indicator adaptable to different trading styles and timeframes.
How It Works:
The indicator monitors price action to detect key zones where the price may react strongly.
SELL Signals appear at levels where downward pressure is likely, while BUY Signals highlight zones where upward momentum could begin.
Use Cases:
Reversal Signal Detection: Spot areas where the price might change direction, allowing you to anticipate market movements.
Trend Confirmation: Use the signals to confirm trends and align your trades with potential market continuation points.
Ideal for:
Traders seeking reliable entry and exit signals.
Anyone looking to enhance their strategies with actionable support and resistance insights.
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