The Dynamic Profit Zones Indicator is a exponential moving average tracker which will follow price action and display easy to see dashed lines where price has a higher probability of meeting exhaustion. What does this mean? This tool targets and displays specific levels for price where a moving averages have moved to in the past and will likely meet the same result where you can expect a pause, if not reversal in price direction. The power of this indicator comes from the fact that it can not only work on anytime frame for any chart it is added to but also that you can view multiple moving averages at once. More is explained in the companion class "Dynamic Profit Targets" with John Carter.
How to read the Indicator:
Once you have the indicator on your chart, what you will notice first is the levels appearing as dynamic dashed lines around the price action. Your candles may not be near any moving average levels and thus will not show up as dashed lines this is okay. As shown below, price will only trigger the ST Dynamic Profit Indicator to show when it is near the levels. In short, when price is near the "dashed" moving averages displayed by the ST Dynamic Profit Indicator, this can mean it is time to do a quick evaluation and look for further confirmation on the move.
Which EMA's are shown?:
Taking a peek under the hood, you will find a number of customizable settings within the indicators settings to help you get the most out of the tool. You can have every single EMA on and track price dips and lifts into these levels or simply track the levels you are most accustomed to trading.
Turning On and Off Different EMA's:
You can adjust which EMA's are displayed with the click of a button.
Another customization feature is that you can be creative and change the color as well as the style of the EMA's on your charts.
About - Multi-Cross Indicator