MTrade S/R

How the Indicator Works

The indicator operates by filtering candlesticks and calculating the average positions of real buyers and sellers. These averages are then plotted on the chart.

🔴 If the price is below the averages and sellers are dominant, the plotted averages are treated as zones and highlighted in red.

🟢 If the price is above the averages and buyers show strong momentum, the averages turn green.

🟡 Yellow zones indicate areas where price has “flipped” the zone without strong momentum, which can be associated with liquidity levels.
(Note: These zones often occur when the price reacts to an area and then reverses, suggesting potential trapped buyers or sellers.)

When these averages are not retested by price, they are extended to the right, acting as dynamic support and resistance zones.
If the averages are later retested by price, they are automatically removed from the chart.

Momentum detection is assisted by the DMI indicator.

💡 Tip: From the indicator settings, you can enable “alıcılar baskın” and “satıcılar baskın” options to visually display the filtered buyer and seller candlesticks.