This is the PALindicator, PAL stands for Price Action Lines----------What is this indicator showing?- there are 4 lines to work with
- red and yellow lines represents bearish levels
- blue and green lines represents bullish levels
- you can understand this indicator as dynamic support & resistance lines
- it will show you easy to read support & resistance breakouts
- it's something between Pivot Points and Fibonacci Retracement
----------How does this indicator work?- as mentioned before, there are 4 lines, on my opinion the blue and the green lines show you a continuation of a bullish trend
- the yellow and the red lines show you a continuation of a bearish trend
- if your crypto pair, forex pair, stock or any other instrument close above the blue line, its an buy opportunity
- if your crypto pair, forex pair, stock or any other instrument close under the yellow/red line, its an sell opportunity
----------Which timeframe you recommend?- we recommend to use this indicator for daily timeframe
- we also recommend to use this indicator for weekly and monthly timeframe
- in the indicator settings you can change the indicator timeframe from 250 (daily chart) to 52 (weekly chart) and 12 (monthly chart)
- after changing the indicator timeframe you have to change the chart timeframe to daily, weekly or monthly
- it's also possible to use this indicator intraday, but we don't recommend to use it with instruments which you can't trade (24/5 24/7)
----------Pricing- the price is $29.99 per month to get access to this indicator
- free trial is available, send me a message
- you need an free tradingview account, that's all
----------Contact- if you have questions, feel free to ask here
- you can send me a message here
- for more information, pls follow me at twitter:
www.twitter.com/PALindicator- you can contact me also on tradingview:
https://www.tradingview.com/script/9nftf06j-PAL-indicator-Price-Action-Lines/