drkhashix Dynamic Trend Master DTM

new update - This indicator is a technical analysis tool used to identify support and resistance levels on a financial chart and to detect market trends. When applied to a chart, it calculates dynamic support and resistance lines based on previous open and close prices and displays them on the chart.

Here's how it works:

Calculation of Support and Resistance Lines:

• The indicator first calculates support and resistance lines. These lines are dynamically calculated for different time points based on user-defined periods.

Signal Detection:

• Next, by examining the alignment and interaction of support and resistance lines, the indicator detects signals related to market trends. These signals can indicate factors such as current prices or price changes, and based on them, positive or negative market trends are determined.

Displaying Signals:

• Finally, text related to the detected signals is displayed on the chart. This text is usually generated automatically based on market conditions and the alignment of support and resistance lines.
• When three support or resistance lines align, a strong signal is issued, indicating a significant shift in market direction. This situation is often considered a sign of the beginning of a strong and powerful movement in a new direction in the market.

Key Points:

Adjustable Settings:

• Users can adjust various parameters, including different periods, to better align the indicator with the market.

Dynamic Analysis:

• The indicator dynamically calculates support and resistance lines, meaning that these lines are updated as data points change on the chart.

Signal Display:

• Detected signals are displayed on the chart as text to allow traders to easily analyze market trends and make informed decisions.

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