Auto Levels Technical Indicator locates important levels of support and resistance for day traders
Auto-Levels Indicator
Hi guys,
As you’ve heard me say before, technical indicators are vital if they save us time and limit our mistakes.
We don’t get too excited about fancy signals and hard-to-read indicators, so we remain very selective for what we allow to take up valuable real estate on our charts.
One of the most important tools we use as day traders are support and resistance levels.
When you combine important levels of support and resistance with high-percentage price patterns and some simple rules you get a recipe for HUGE success.
Our foundation for this success starts each day with our auto-levels indicator.
I will admit, for years I added levels manually.
many of you watched me do this back in the early days, well those days of hard labor behind the desk are over, and we now have it all automated.
The beautiful thing about the auto-levels indicator is that it plots all the most important levels that I am going to use today:
– Major Levels of Support &Resistance (Red Line)
– Double-Tops & Double-Bottoms (Yellow Line)
– Big Round Numbers (Orange Line)
Our main focus is to identify the best price levels, and take trades around them with our simple patterns.
In addition, we also need to know what to avoid, which means trading around DT/DB’s and Big Round Numbers.
This indicator always has the best levels waiting for me, and that is the first step towards my day trading success.
this indicator comes included with advanced membership
