Our overlay is all about looking for confluence, and this is achieved by combining the power of Support/Resistance trading and Moving Averages.
Support and Resistance
This involves Daily Levels (High, Low, Open, and Range Center) and the Weekly/Monthly/Quarterly/Yearly Opens.
Our Fib Ribbons are a bundle of multiple EMAs with custom timeframe built-in. Unlike EMA Ribbons our EMA lengths are only based on Fibonacci Numbers. The numbers of EMAs is four by default (fastest: 8, slowest: 34), but EMA 5 & 55 can be manually enabled. The ribbons will act as support in an uptrend and as resistance in a downtrend. A ribbon cross often indicates a potential trend change.
Moving Average System
Build a system around 2 custom moving averages for more confluence (supports custom timeframes and many moving average types). The moving averages can be used for generating signals whenever they cross, or as possible support/resistance.
We also support intraday tools like VWAP (Volume-Weighted-Average Price) and TWAP (Time-Weighted-Average-Price). They differ from normal moving averages by taking volume /time into account and will act as potential support/resistance (commonly used by big market participants).