A sophisticated trading indicator that identifies key price levels using specific candle times, ATR multipliers, and customizable risk-to-reward ratios for precise market entry and exit strategies.
Explore complementary indicator rolesHow it works
The indicator operates by allowing traders to select specific candle times for determining high and low prices. Users input custom hours and minutes to capture precise candle levels, which become the foundation for subsequent calculations.
The system then applies an ATR multiplier (default 1.2) to create dynamic buffer zones around these levels. It calculates risk-to-reward ratios and generates take profit levels, presenting these insights through a clear horizontal table positioned in the chart's top-right corner for immediate trader reference.
Why it may be useful
This indicator provides traders with a sophisticated method of identifying key market levels that go beyond traditional support and resistance techniques. By integrating multiple analytical components like time-specific candle selection, ATR multipliers, and customizable risk-to-reward ratios, it offers a comprehensive approach to market analysis.
The visual representation through a horizontal table enables traders to quickly assess critical pricing information without cluttering the main chart. This approach enhances decision-making by presenting complex calculations in an easily digestible format, allowing traders to make more informed and strategic trading choices.
When to explore it
The High and Low with Horizontal Table indicator is most effective during periods of market volatility where precise entry and exit points are crucial. It excels in scenarios involving trend trading, market opens, and situations requiring rapid strategic decision-making.
Traders will find this tool particularly valuable when tracking major forex pairs, XAUUSD, and BTCUSD, where its detailed calculations and clear visual presentation can provide a significant analytical advantage. It is especially useful for traders seeking a systematic approach to identifying potential support and resistance levels with built-in risk management features.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
