This indicator draws levels that are very “inflexible” and strong in nature.
These levels act as strong price deviation levels for life and are never repainted.
Disclaimer: If you are looking for an unusual, bright and eye-catching indicator, please stay away.
No trader can become a good trader without taking into account the levels at which the price can hold, bounce or break through.
These levels help traders enter the markets at a lower price. These can be Support Resistance, Demand, Supply, Pivot point, Fibonacci levels, etc.
After several years of research and analysis of price charts, I discovered several complex algorithms and logics to figure out the likely price behavior in the future.
By applying this logic and algorithms to certain price points, I have reached the levels where the price can bounce or break.
I called them “Adamant Levels”.
Yes, they are indeed inflexible and static in nature.
The price attracts and repels these levels.
These are the future price action levels at which traders can enter the market with a greater risk-to-profit ratio.
Most trigger points, such as price patterns, chart patterns, convergence and divergence, trendline breakouts, etc., occur at these “inflexible levels”.
So wait for the trigger to trigger at these levels and enter.
Pay special attention to the merging of different levels of Adamant.
Pay special attention to how the price will reach the Adamant Levels and Over Sold, Over Bought regions of the RSI at the same time, and then the price patterns.
These are mandatory levels on every chart you trade.
This indicator is developed based on my first logic, i.e. “Logic A”.
Personally, I tested this indicator on the AUDCHF pair for more than a month in real-time trading, and the results are outstanding.
Indicators based on other logics are currently being tested.
Most of the lines drawn are older than a few months or years.
Coming to the input parameters,
The parameters are easy to configure.
Taking into account the different traders and their trading style, there are four categories in the input parameters.
It is always recommended to use advanced filter levels (default settings).
If the trader wants to be more aggressive, use secondary levels.
If the trader wants further aggressiveness, he can use the normal levels.
However, traders are free to use whatever settings they want. if the levels do not match certain currency pairs( symbols), the trader can reach the exact levels by changing the appropriate settings.
It is strongly recommended to use higher timeframes, i.e. at least 1 hour.
On most pairs, the default parameters work fine.
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* Easy to set up.
* Easy to understand.
* Applicable to any trading system.
* Constant levels for future price action.
* 100% not repainted.
* No new levels can be drawn within the last 5 days from the current trading day.
* You can trade on any currency pairs, stocks and commodities.
* The levels are independent of the time frame.
* Works in all markets. That’s all about this new “Adamant Levels Logic A”indicator.
So, colleagues, warm up the strategy tester and start testing.
I hope that your investment in this indicator can help you achieve your bright trading goals.