Exhaustion Zone [by rukich]🟠 OVERVIEW
The indicator shows asset exhaustion — an area of interest where potential buying opportunities can be considered.
🟠 COMPONENTS
The indicator is based on a combination of fundamental tools designed to properly react to price movement and volatility.
It is displayed on the chart as a green line. When the price touches the indicator line, the candle lights up and is highlighted in green.
🟠 HOW TO USE
The best timeframes for using the indicator: 1D and 3D.
Since the indicator is used on higher timeframes, the price rarely reaches the indicator line, but it often shows a strong reaction when it does, which suggests that the indicator can be used for investment purposes.
Since the zone suggests potential buying opportunities, it’s best to act from the zone only when a reaction is confirmed. Confirmation may include a candle close beyond nearby fractals or the invalidation of the nearest resistance zone.
🟠 CONCLUSION
The indicator highlights an area of interest where, upon confirmation of a reaction, buying opportunities may be considered.
