Features Overview of AlgoMaxx Indicator
Range Detection
Detects breakout and breakdown levels.
Highlights trading ranges using adjustable ATR-based thresholds.
Settings:
Show Range Detector: Toggle to enable/disable range detection.
Customize colors for range breakout, breakdown, and unbroken states.
Stop Loss (SL) and Take Profit (TP)
Dynamically displays SL/TP levels based on trend signals.
Supports multiple targets (e.g., TP1, TP2, TP3).
SL/TP levels are displayed in a table for easy visualization.
Cloud EMA
Visualizes trends using three adjustable EMA periods (Fast, Medium, Slow).
Creates cloud-like visuals to indicate bullish or bearish momentum.
Settings:
Adjustable EMA periods.
Customize colors for bullish and bearish zones.
Demand and Supply Zones
Identifies critical demand and supply zones based on price swings.
Zones adjust dynamically according to market movement.
Settings:
Adjust swing length and zone width.
Customize colors for demand and supply zones.
RSI Alerts
Notifies when RSI enters overbought/oversold zones.
Marks corresponding highs and lows on the chart.
Settings:
Adjust overbought/oversold levels (e.g., 75/25).
Fibonacci Levels
Plots retracement levels based on recent high/low points.
Assists in identifying support and resistance.
Settings:
Toggle visibility of levels and labels.
Customize retracement period.
Trend Ribbon
Provides a ribbon-style trend overlay.
Helps visually identify momentum shifts.
Settings:
Adjust ribbon size and smoothing.
Forex Strength Meter
Compares the relative strength of various currencies.
Displays a heatmap for quick evaluation.
Swing Highs and Lows
Identifies key swing high and low points on the chart.
Highlights critical trend-reversal points to help traders understand support and resistance zones.
These features make AlgoMaxx Indicator an indispensable tool for traders, offering precise technical insights and customizable settings for all trading styles.
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