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Fibarchie Trading Systems: Squeezebox
Fibarchie Trading Systems: Squeezebox
SqueeZebox
Analyzes price and identifies areas of consolidation and indecision.
Indicator
Draws a red box, indicating the market is in state of flux and searching for direction. When a direction is found, and price closes outside of the red box it changes to green and becomes an area of support/resistance
FiringRange
Analyzes price over a given period and highlights areas of support /resistance
Indicator
Paints a range, red is resistance and blue support, depending on the trend. These areas can be used as an action zone to open a position. FiringRange is in two parts 1st and 2nd support/resistance. 2nd part is fixed at certain times as below 1-5min Intraday Hourly hourly fix daily fix weekly fix
If price consolidates between the two parts this is a good indication that a sizable break will occur when the market find a direction.