Halfway House.
How To Use
This indicator is very simple to use. You are provided with a total of 5 tradable levels and a trend-line.
- 2 Bullish Levels (Green Lines)
- 2 Bearish Levels (Red Lines)
- 1 Switch-line Midpoint (Black Line)
- 2 Trend-line (Bullish and Bearish)
If price is above the Black Line, You will be looking for bullish trades
If price is below the Black Line, You will be looking for bearish trades
The trend-line may be used as a guide.
- Vertical black line change represents weekly change and update of all Horizontal levels
- This is not a repainting indicato r the refo re even if certain levels are not respected, the lines will not change until the week ends
- Use along with you r analysis
- Next level may be used as a take profit target. You may need to be cautious of rejections along the way
- Exclusive to M15, M30, H1 & H4.
- T ry opening positions closer to each of the levels so as to reduce your risk
Please note that arrows only appear on the Switch Line (Black Line) when it gets touched by price.
Do not rely sole on this indicator.
