Meravith

The indicator analyzes volume from every point and calculates exhaustion market levels for that volume.

It consists of three lines:

- Bullish volume exhaustion line
- Bearish volume exhaustion line
- A line indicating the market trend. This line changes color to reflect whether the market is bearish or bullish.

You can analyze the market from any starting point you choose. Once a volume exhaustion line is reached, identify a new point from which to start your next analysis.

How to use it: Double click on the vertical purple line and move it to the position you want.

You can analyze anything - trends and corrections. A good approach is to move the indicator each time it reaches the trend line or when a top or bottom is hit.
The greater the distance between the trend line and one of the volume exhaustion lines, the higher the volume in that direction.
The trend line can be used as a place for opening orders while the exhaustion lines to collect your profit.
The system is really unique, but extremely intuitive.
No similar products on the market.

No restrictions on use. Apply it in all markets and all time frames.

Important: When you check it in the MetaTrader4 tester double click on the purple line then move it left or right to analyze the market.

Feel free to message me with any questions.