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Discover the latest TradingView Indicators for High Winning Rates – Now Available!







Advanced Dynamic Support and Resistance Indicators


In this video I will show you two highly Advanced and accurate Dynamic support and resistance indicators

Introduction

These tools are very handy when analyzing price action and anticipating where the market might turn in the near future. For instance, a dynamic Sr indicator can help you determine whether a breakout is likely to hold or if a reversal is about to take place. Whether you’re a day trader scanning the markets for short-term opportunities or a long-term investor looking for the best time to enter or exit a position, these indicators will provide invaluable insights. So stick around, this is not something you want to miss.

Keltner Channel Bands

The first indicator is called Keltner Channel bands by Trading Wolf. The Keltner Channel bands is a volatility-based technical analysis indicator that creates a channel around the price of a security to offer traders a visual representation of the security’s normal price range. This indicator consists of three components:

  • The middle line, which acts as a reference for the average price.
  • The cloud, which is calculated by adding a multiple of the Average True Range (ATR) to the middle line. The upper cloud acts as Dynamic price resistance, and the lower cloud serves as Dynamic support.

The cloud adjusts as volatility increases or decreases, and it can change its color to reflect on how overbought or oversold the market is. A red or green triangle appears on the chart when a potential price reversal is signaled. It is important to note that not all signals have high accuracy, so a smart strategy is essential when using this tool.

Trading Strategy

A strategy focused on catching fake breakouts involves identifying a trend first. In a strong downtrend, the price usually breaks below the cloud, and the cloud turns green. By connecting the green triangles, you can determine the direction of the trend. The goal is to buy at fake breakouts to the downside when signs of bullish momentum are present. Moving the stop loss to break even and closing the position manually when the candle bar breaks above the upper cloud can help in managing risks effectively.

Reversal Bands and Signals

The second tool is a personal favorite, as it comes with various features that provide comprehensive information about the price. The reversal bands act as Dynamic support and resistance levels, while the signals are highly accurate, especially when price gets rejected by both Dynamic and fixed levels. This tool also includes a volume profile, which can be useful in making trading decisions.

Trading Method

A trading method involving searching for fake breakouts requires waiting for the price to break below a support level and touch the lower reversal bands. Buying on a Buy Signal after a bullish trend is shown on the dashboard can be a profitable entry point. Paying attention to the volume profile and setting a trailing stop loss can help maximize profits. Similarly, for short entries, spotting a fake bullish breakout and waiting for a bearish trend to be shown can lead to successful trades.

Conclusion

Advanced dynamic support and resistance indicators can be game-changers in your trading journey. By using tools like Keltner Channel bands and reversal bands with signals, traders can anticipate market movements and make informed decisions. These indicators provide valuable insights into price action, helping traders navigate the complexities of the financial markets. If you’re looking to enhance your trading skills and improve your profitability, incorporating these advanced indicators into your analysis can be a step in the right direction.


Leah Sirama
Leah Sirama
Leah Sirama, a lifelong enthusiast of Artificial Intelligence, has been exploring technology and the digital realm since childhood. Known for his creative thinking, he's dedicated to improving AI experiences for all, making him a respected figure in the field. His passion, curiosity, and creativity drive advancements in the AI world.
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36 COMMENTS

  1. Guys stop this Zane thing … Does these strategies work or not that's what we looking not comments on Zane what what Zane what what ….Us we real time traders we only have time to back test strategies…not Zane …Zane for what probably he's a scammer!

  2. Sir Zane Omar is undeniably the best trader in the market with years of experience under his belt. With his expertise and knowledge, he has helped countless investors achieve their financial goals. Whether you are a beginner or an experienced investor, Zane Omar is the right choice for you.

  3. What sets Sir Zane Omar apart from other traders is his dedication to providing his investors with passive income and financial stability. He understands that investing in binary options can be a daunting task, but with his guidance, he makes it easier for you to achieve your financial goals. Whether you are looking for a steady stream of passive income or long-term financial stability, Zane has got you covered.

  4. Are you looking for a reliable and profitable investment opportunity? Look no further than Zane and his expertise in Forex and crypto trading. With Zane, you can expect successful returns on all your trades, ensuring a steady stream of passive income and financial stability. His commitment to his investors is unwavering, and he goes above and beyond to ensure their satisfaction.

  5. Transparency is one of the key characteristic of Zane's approach to investing. Zane believes in keeping his investors well-informed about the progress of their investments, providing regular updates and reports. This level of transparency allows investors to have a clear understanding of their portfolio's performance and make informed decisions

  6. Are you looking for a reliable and profitable investment platform? Look no further than Sir Zane Omar Investment platform! With their expertise in bitcoin mining and binary options, you can trust that your trades will yield successful returns. Plus, their swift withdrawal process and transparent pricing ensures that there are no hidden charges to eat into your profits.

  7. Have you heard of Foxify already? They just launched a P2P trading platform in Beta and will be releasing their gov token soon!🦊

  8. Zane Omar is dedicated to giving his clients passive income and financial stability. He understands that investing in day trading and crypto trading can be risky, but he mitigates these risks by implementing strategies that aim to generate consistent returns over time. His commitment to helping his clients achieve financial stability sets him apart from other traders in the industry. God bless you sir

  9. Logan is an exceptional trader in the forex, binary options, and crypto trading industry. His investment platform has been highly profitable for his clients due to his transparency, dedication to providing passive income, and financial stability. With his expertise and track record of success, it's no surprise that he is highly recommended worldwide.

  10. After watching so many YouTube tutorial videos about trading I was still making losses until Mr Logan helped I got guidance as a beginner now I make $60,567 weekly. God bless Logan his a blessing to my family

  11. Great content and I thank you for breaking it down!! Even in the current crypto dip, I’m happy I can smile back at my portfolio of $86,700 made from my weekly trade within a short period…..

  12. Recover loss by working with someone who has a proven track record of success. Mr Logan is that person and with his expertise and experience, he can help you navigate the complexities of the market and make smart investment decisions that leads to profitability

  13. Can you make another video explaining how to clearly explain how to set up your Ezalgo v8 and the actual application situation, thank you very much

  14. Thanks for the update. <I will advise traders, especially newbies, to have an orientation of the market before getting involved. I must say trading offers more benefits than just holding, thanks to Rolando Eric for always keeping me ahead of the trend, so glad I started her program

  15. I hate people using crypto chart for demonstration and not forex or indices which are much more mature. There are only few people who trading crypto

  16. Yes, I agree as to prop firm strats. If you come up with something consistent that passes their requirements a whole lot of people would be interested.

  17. Video content suggestion:

    Most people looking to start trading don't have sufficient capital, or aren't prepared to risk their own money to start trading. So showing strategies that pass prop firm requirements would negate that problem.

    Try making a series of videos where you limit your back testing to 30 days, then benchmark the results against typical prop firm requirements.

    The main things to show would be:

    1. Did it grow the account by more than 10% in 30 days

    2. Was the daily drawdown less than 5%

    3. Was the total drawdown less than 10%

    If it meets those criteria then it's a potential strategy for a funded account trial.

    You could list all the strategies that passed prop requirements on a google sheet, people can then try/test the one they like based on win rate, drawdown, timeframe, instrument used etc.

  18. Just use bollinger bands and rsi @ 1hr timeframe and trade at 5 min tf with support and resistance if you plan to do intraday. No need to complicate stuff people.

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