Post
Topic
Board Services
Topic OP
PALindicator - find assets before they breakout
by
antmex
on 28/02/2022, 13:38:34 UTC
Hey guys, I would like to introduce you my PALindicator - price action lines tradingview indicator.
With this indicator you will find assets before they breakout.
This indicator will act as an dynamic support & resistance lines which gives you better points to entry or exit trades.

How does it work?
- There are 4 lines in this indicator: red, yellow, blue and green
- If you see a close above the blue line, there is a high possibility that your instrument will go higher in price. There can be a buy opportunity.
- The green line will act as an first target point, we recommend to grab some profits and set stoploss to entry point.
- The blue line will also act as an support area for continuing higher.
- A close under yellow line can be an short opportunity to around the red line (target point) or lower.

Here are some examples of Bitcoin BTC

As you see there are 4 lines, the close above the blue line means: here is an buy opportunity for BTC/USD.
Here I opened an "long" trade.


The price hits my first target, where I sold some % of profit and let it run. My stop loss was now a close under blue line. As you see: the price touched the blue line as an support level and continued higher up to around 640% on top.


in October last year there was another buy opportunity.

Here is the opposite example:

opened multiple "short" trades and was successful


With this lines i recommend to trade in daily timeframe charts. It also works with weekly and monthly charts.
To make it easier to use, you simply have to change the timeframe to weekly or monthly chart and change the inputs in the indicator settings.


If you want, you can use this indicator for daytrading like scalping. Yes, this indicator works on all timeframes...

it works the same way like in the daily chart. a close above blue line means buy opportunity.

What do you become?
- after payment you will have access to this indicator in Tradingview
- support if you have questions
- access to an Telegram channel where we will share our ideas and maybe your ideas

Price
- the price for the indicator is only $29.99 per month
- payments are accepted in USDT (TRC20)
- make sure you have the $1 network fee in mind

some more examples
SAND/USDT


BNB/USDT




Apple


if you have questions, feel free to ask
btw: there is a 24h trial if you want