Extensions PRO uses advanced calculations based on cumulative trends to determine a range at which can become over or under extended.
Thus signalling potential points of support or resistance.
Combine Extension PRO with signals basic to give you the cutting edge you need to become a successful trader!
The bars represent the current candle extension based on historical data. The higher the extension, the more present compared to the user set lookback period.
bars that extend past 1 represent a massive surge in .
The extension oscillator is the most advance feature with this indicator. It uses cumulative averages to create a range in which travels in. The extension oscillator reads very similar to an .
The colored bars represent either a surge in ( gold ), or over or under extension.
These colored bars may be used to pinpoint key levels to help determine short or long term trend reversal points.
Combine these signals with basic to give you professional edge!
The chart above has manual placed arrows to represent when and where the Extension PRO indicator gave these signals.
Length: Lookback period of the oscillator
Weight: Adds additional weight to the cumulative averages for lower exchanges.
Warning: This is a based indicator. Therefore its results are entire based on the the of that exchange! Some exchanges or currency pairs may not provide enough to give accurate results. Do not solely rely on this indicator to make your trades. Please use responsibly.
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