The Expected Move indicator is a powerful tool that provides traders with valuable information about potential price levels across different time frames. It allows traders to focus on a specific time frame and take advantage of the levels derived from higher time frames without the need for extensive analysis.
The Expected Move indicator dynamically plots and adjusts these levels as the price progresses. It takes into account multiple time frames and calculates the expected reversal and continuation levels where price could potentially reverse or move towards. By plugging in the indicator four times with different settings (30, 60, 120, 240), traders can customize the plot according to their preferences, whether it's a box or a line representation.
Using the Expected Move indicator, traders can gain insights into potential price movements without needing to analyze multiple time frames individually. It simplifies the trading process and allows traders to focus on their preferred time frame while still benefiting from the information provided by higher time frames.
Overall, the Expected Move indicator is a valuable tool for traders, offering dynamic and adjustable level plotting across different time frames, helping them make informed trading decisions, and take advantage of potential price reversals and movements.
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