This indicator develops levels based off prior price action as well as candles It also then places a red or green arrow on the candle once the level is retested I prefer using this on SPX ES_F and NQ_F On the hourly chart It also works well in Forex and Stocks
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Invalidated trades . IE Candle close below level will not show up
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Arrows updated They will only show up once price is at or slightly below the line