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Day Trades Support and Resistance

5

Day Trades Resistance and Support (daytradesSR) is an indicator composed of

1.  The main line (support/resistance line),  which shows

i.   either UP or DOWN trend

ii.  levels of dynamic support or resistance   

2.    A specific range defined by a line for range high and another line for range low.   These lines serve as weak secondary support or resistance.   

3.   When the main line (support/resistance line) is first hit by the price after a detected trend reversal, either an UP ARROW (support) or DOWN ARROW (resistance) sign will appear on the main line.

4.    There is an option for ARROW signs appear on the price as soon as a new trend is detected, i.e. trend reversal.  

Users should examine their trading positions rigorously whenever the abovementioned 3 & 4 happen.

All abovementioned levels can be read from the MT4 Data Window (Ctrl-D).

Input parameters:

-    Trends Detection Sensitivity:  It has options from high to low, which controls the baseline for predicting trend reversals.    In case of lower sensitivity,  a longer baseline is used and the indicator becomes less responsive to price changes. 

-   Short trends filter:  It has options from strong to weak, and defines the threshold of price actions identified as an early sign of trend reversal.  The stronger the filter, the more short trends will be filtered out.  

-   Technical Objective (since version 2.0):  It has 3 options to set the SR level more closely to the price:  General analysis, Trading (General), Trading (Aggression).   

Timeframes:  as short as 1-min timeframe for day trades, and up to 4-hr timeframe for traders looking for long trends.       

Screenshots: EURUSD with default input options for 1-min, 5-min, 15-min, 30-min, 1-hr and 4-hr timeframes (Ver 1.0)  

Day Trades Resistance and Support (daytradesSR) is a professional grade forex indicator with proprietary algorithm. 

Designed for day trades.  Suitable to both traders and analysts. 


Bewertungen 1
Aravind Kolanupaka
8930
Aravind Kolanupaka 2021.02.15 16:21 
 

Useful indicator to confirm trend direction

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Vollständiger STO-Indikator (enthält alle Versionen der drei STO-Indikatoren: Premium, Gold, Silver) - STABLE TRADE OPTION ist für den automatischen Handel mit binären Optionen konzipiert.  VORSICHTIG LESEN!!!!! WICHTIG Erstellen Sie in einem Terminal zwei Vorlagen mit unterschiedlichen Verfallzeiten, eine Vorlage für 18:01, 18:02 mit Verfallzeiten von 1 bis 15 Minuten und eine Vorlage für 22:00 mit Verfallzeiten von 10 bis 20 Minuten. Gewinnrate: 71% in den letzten 5 Jahren Geldverwalt
How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
MT My Way
Issara Seeboonrueang
Best strategy,  Easy trade ,  Support of version update in the future MT My Way:  For new traders with no experience It is a very simple trade. Open the order when there is signal and close the order when there is exit or found the next opposite signal. You can set Stop Loss at the arrow and set the distance at Arrow Gap. For experienced traders, It will be very easy to trade. indicator for trade by yourself TRADE: Forex  TIME FRAME:  All Time Frame (Not M1) SYMBOL PAIR: All Sy
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi
Weitere Produkte dieses Autors
1. Specifically used on EURUSD 15Min timeframe 2. Default parameter is ready for direct trading 3. A fix Stop Loss/Take Profit of 764 points (76.4pips) for a new position 4. A maximum of 1 additional position is added upon specific condition.   5. Proprietary algorithm is used.  No martingale.   Not a cheating EA using.  However, use on other currency pairs is NOT recommended. 6. The only parameter you need to enter is the lot size for new position. 
Auswahl:
Aravind Kolanupaka
8930
Aravind Kolanupaka 2021.02.15 16:21 
 

Useful indicator to confirm trend direction

Antwort auf eine Rezension
Version 2.0 2021.04.10
Add the option of Technical Objective
Version 1.3 2021.02.19
Following option added: Include volume in trend analysis
If user's broker has problem in providing accurate volume data, set this option for not using it
Version 1.2 2021.02.15
Add the option of hiding the trend change Arrows (default)
Version 1.1 2021.02.13
1. Adding an arrow when an new uptrend or downtrend is once detected