Level-Based Strategy
The Level-Based strategy is EDISON's core technical analysis approach. It identifies key support and resistance levels using ZigZag swing point detection and validates them through multiple confirmations.
Key Indicators
ZigZag Swings
ATR (Volatility)
RSI (Momentum)
Volume Analysis
EMA (Trend)
How It Works
Detects swing highs and lows using ZigZag indicator
Calculates level strength based on number of touches and time decay
Waits for price to approach level (within 1.5% distance)
Confirms entry with RSI in optimal zones (30-55 for LONG, 45-70 for SHORT)
Validates with volume confirmation and orderbook wall detection
Sets stop loss at 1.5x ATR from entry
Uses multi-level take profits configured in settings
Entry Conditions
Long Trade
- Price near support level
- RSI 30-55 (good zone)
- Level strength HIGH
- Volume confirmation
- Breakout of micro-trend
Short Trade
- Price near resistance level
- RSI 45-70 (good zone)
- Level strength HIGH
- Volume confirmation
- Bearish structure
Advantages
Works in any market condition
Clear entry and exit rules
Validated by multiple indicators
Extensive customization options
Low false signal rate with proper configuration
Requirements & Best Markets
Technical Requirements
Multi-timeframe candles (1m, 5m, 15m, 30m, 60m), Orderbook for wall validation (optional but recommended)
Best Trading Markets
Trending markets with clear support/resistance, High volatility periods, Post-breakout confirmation trades
Ready to Use This Strategy?
Configure this strategy in your EDISON settings to start trading.
View Configuration Guide