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Content: Indicator: TPSpro RFI Levels_5.4_fix.ex4 (Unlocked-Unlimited), UserGuide.
Recommended to use with an indicator – TREND PRO
TPSpro RFI Levels Indicator Overview
In trading, identifying the right zones or levels to make buy or sell decisions is crucial. Even though major players in the market try to hide their presence, they inevitably leave traces. The TPSpro RFI Levels Indicator is designed to help traders identify these traces and interpret them effectively to make informed decisions.
Main Functions and Features:
1. Active Buy/Sell Zones:
The indicator highlights key levels/zones for buying and selling, marking the beginning of the search for potential entry points.
Upon activation of these levels/zones, the indicator changes colors and fills them with specific shades for better visualization.
Arrows are added to provide a more intuitive understanding of the current situation.
2. Multi-Timeframe (MTF) Support:
The indicator can display levels/zones using a higher timeframe for broader market context. This helps traders better understand the market dynamics at different time intervals.
Automatic trend detection (TPSproTREND PRO) is integrated, providing real-time trend analysis.
3. Professional Step-by-Step Trading Algorithm:
A specialized algorithm designed for intraday trading, this tool assists in trading both with and against the prevailing trend.
Detailed instructions for each active template help users follow the algorithm effectively.
4. Compatibility with Various Timeframes:
The indicator is flexible and works seamlessly on any timeframe, from 1-minute (M1) to monthly (MN) charts.
5. Graphic and Sound Alerts:
Graphic alerts and sound notifications ensure you never miss a trade signal.
Mobile notifications are also available, so you can stay updated on-the-go.
6. Active Pattern Scanner:
The indicator includes a compact active pattern scanner that automatically detects when patterns are activated across multiple timeframes.
It sends alerts and notifications when patterns are triggered in one direction.
Ease of Use for Experts and Beginners:
The TPSpro RFI Levels Indicator is designed to be simple for beginners while offering advanced functionalities for expert traders. It comes with:
A step-by-step video guide and instructions explaining how to use the indicator with specific examples, ensuring even first-time users can effectively utilize it.
Key Benefits:
Entry Point Determination: Easily identify levels for market entry, both in the direction of the trend and against it.
Exit Point Identification: Determine exit points (goals) on any timeframe with high accuracy.
MTF Mode: View levels/zones from a higher timeframe for a broader market perspective.
Priority Templates: Choose from three templates for determining trading priority, making it easy to decide on the best trading approach.
Hotkeys:
R: Show all RFI levels on historical data.
Z: Toggle the display of the control panel.
