Dynamic Swings Zones
Dynamic Swings Zones is a technical analysis tool that can be used to identify new trading opportunities. It provides multiple zones of support and resistance, that can be used for both types of trading opportunities, trend following or breakout.
Scroll down to find out more.
Available platforms: TradingView
Grab your membership to get access to this indicator and many more
The indicator uses the 5 of the most used momentum indicators: MACD, RSI, CCI, ADX, or Stochastic. Momentum indicators are used in trading as a tool to determine the strength or weakness of a market’s price. In other words, they are capable of measuring the rate of the rise/ fall of a market price.
Based on these 5 momentum indicators, the Dynamic Swings Zones provides a set of supply and demand zones that are more accurate when looking for a potential pause or reversal point.
In trading, the support and resistance zones are used for different purposes:
- Target/ Stop loss placement
- Potential reversal point
- Trend continuation confirmed through a break of a zone etc.
