AMS ZoneDecoder©
Realtime support and resistance indicator. Not based on lagging indicators, it will update realtime.
The algorithm uses volume and orderflow from tickdata to determine levels based on statistics. Not only support and resistance, the also work as projected profit or fade levels.
What am I seeing?
The ZoneDecoder visualises realtime support and resistance.
You can use the levels for potential profit levels, to scale out and levels to fade the market.
How does that help me?
It gives you a very good view of where high probability support and resistance may occur, giving you the opportunity to act on that. The zones work best in areas that are being retested in time, so that will help you making decision after you applied some context.
Supported periodicities:
Min
1min, 2min, 3min, 4min, 5min, 15min
Range
2t, 3t, 4t, 5t, 10t
PnF
4t, 5t, 6t, 7t, 8t
Renko
1t, 2t, 3t, 4t
AMS ZoneDecoder Features
→ Works with Investor/RT’s Core Platform
+ Profile Package
→ Customizable coloring
→ Setup up your chart to many periodicity
→ Works with every Instrument in IRT
→ Free templates / definition files
Compatible with
Linnsoft’s Investor/RT is a complete charting package, market analysis and trade execution solution used world-wide by sophisticated traders and active investors, featuring connectivity to market data and execution services via DTN IQFEED, eSignal, OEC, Rithmic, Transact/Infinity, and Interactive Brokers.