Price Action Indicators

These type of indicators are need not be cycle based at all. They may be considered to be volatility based, as they are attempting to determine when market momentum reverses. Often, they are based entirely on how price behaves, with no other onsiderations.

However, in reality, they may take other factors, such as the speed of the tape, into account. They are, correctly, indicators of support and resistance, though they can also be indicators of continuation of price moves.

Osi Price Action Support-Resistance Zones

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This indicator attempts to find areas where the market pauses, based on price and volume action, in both quantity and speed. 3 time slots are defined by the user, and each time slot has its Support/Resistance zones determined as the day progresses. Once a time slot's end time is exceeded, the determined Support/Resistance is drawn to the end of the trading day. If you need the day divided into more than 3 time slots, load multiple copies of the indicator.

Price: $297.00