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• Archive: This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel.
• It has been specially designed for short-term trading, without repainting or backpainting at all.
• It is a fantastic tool for shrewd traders aiming to increase the timing of their operations.Amazingly easy to tradeIt provides value on every timeframeChart statistics will help you to optimize your tradingIt implements a multi-timeframe dashboardIt includes a multi-symbol and multi-timeframe scannerIt implements email/sound/visual alertsBased on breakouts and congestion zones of variable lengths, the indicator uses only price action to pick trades and reacts to what the market is doing very fast.The potential profit of past signals is displayedThe indicator analyzes its own quality and performanceLosing breakouts are highlighted and accounted forThe indicator is non-backpainting and non-repaintinThis indicator will help intraday traders not to miss a single price reversal.
• However, not all price reversals are created equal nor have the same actionable quality.
• Deciding which breakouts to trade and which to ignore depends on the good judgement of the trader .How to interpret the statsThe indicator studies the quality of its own signals and plots the relative information on the chart.