Psychological Levels For Multi Pair
- Indikatoren
- ScorpionFX
- Version: 3.14
- Aktualisiert: 26 November 2021
- Aktivierungen: 20
Round Numbers And Psychological Levels (Multi Pair And Multi Time Frame):
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these levels act as price barriers where large amounts of orders will generally accumulate. And the larger the number,
the larger the psychological significance. Meaning that even more orders will generally be located in that area.
As they understand that there will be an enormous amount of liquidity located in these areas.
Allowing for all kinds of potential trading opportunities. Such as breakouts, reversals and more.
As it monitors the entire market. And will send you an alert when prices have reached these significant levels.
Allowing you to use these levels for potential entries or exit points. As well as strong risk and reward ratios.
Features:
- This indicator can monitor all 28 pairs at the same time.
- You can select to monitor any level you choose.
- It will automatically trigger an alert whenever a specified level is reached.
- It can monitor any symbol in your Metatrader platform. Including crypto, commodities, indices, equities, ETF's etc.
- This indicator only needs to be placed on one chart and it will simultaneously monitor the entire market, all on one screen.
This will save you an enormous amount of time and effort. As you won't have to flip through dozens of charts for analysis.
And this will allow you to focus on other aspects of your trading. Such as further technical (or fundamental analysis).
This will also give you more time to find other trading opportunities.
Click HERE for the users guide for this indicator.
Including an overview of the benefits, features and parameters.
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ScorpionFX
Really nice tool, price does react to 100, 250 and 1000 pip levels. Google for Quarters Theory by Ilian Yotov if you want more ideas on using psychological lines. There's some free Youtube videos out there.