Suggestion Indicator GL MTF ATR TT

The trade indicator GL MTF ATR TT builds support and resistance zones based on the original logic, which makes it a truly profitable tool.
The GL MTF ATR TT trading indicator is another effective trading tool that has been adapted by Tank, a popular indicator builder on the traders forum.
The GL MTF ATR TT indicator displays support and resistance zones on the price chart, using very interesting logic.
GL MTF ATR TT INDICATOR LOGIC
In the foreign exchange market, market makers charge, it is he who moves and forms the price. The range of price movement lies in the potential amount of liquidity that a market maker can “put” on the market in a month / week. In order to approximately determine these boundaries, it suffices to look at the average price movement for a trading instrument on history.
For example:
If we see that within 10 months the price made about 7 figures per month, then we can say with some degree of confidence that the market maker will not issue a price for these 7 figures.
If there is a strong trend for the pair during the month / week / day and the trading tool goes beyond its average move, then the lack of liquidity may be the reasons for the sharp return of the currency pair to the trading range, since liquidity can be exhausted in a given period of time.
GL MTF ATR TT INDICATOR SIGNALS
The classic indicator signal is to exit from the monthly / weekly / daily zone with the expected return to it within the specified trading period, especially if the price went beyond the limits in the middle of the month / week / day. But the sooner the stronger the signal.
• see the exit from the zone;
• look for the pattern or signal of your trading system to return to the zone;
• in no case do we work for further movement from the zone.
The GL MTF ATR TT indicator draws zones as a range. The average move is + 10%.
The original indicator is used to build monthly zones. In the trade indicator GL MTF ATR TT, the range of use of zones is extended.