It takes a lot of time to figure out critical levels on a chart. When trying to scan through a list of stocks to find the ideal setups or during a fast moving momentum play, it is essential to have these levels automatically available on your chart. The levels show where you can add on dips or scale out on runs. Leveraging them allows you to have a plan in place for each trade.

Other indicators use basic pivot points or simple processes to derive the levels. The FrogOracle indicator leverages vast amounts of price and volume data external to TradingView. Processing the data externally allows for more complex algorithms resulting in more accurate levels!

The levels produced by this algorithm have been used by hundreds of traders for years as part of the FrogOracle discord tools. This indicator builds upon the strong foundation to offer expanded features right on your TradingView charts.