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Identify potential Trends/Range (Pivot Points) - MT4 - script for MetaTrader 4

Rodi Chamii | English Español Português 日本語 Deutsch

Views:
5532
Rating:
votes: 5
Published:
2020.11.27 17:36

INTRODUCTION :

This script was developed in order to help us detect if a chart is actually trending or going nowhere.

This script will highlights all swing highs and all swing lows

We only need to compile it and just add it to any chart you want.


REMARK:

I have used this script in my latest trading plan. As we all know a trading plan must answer the question of either you want to trade trending market or sideways market.

You can check the below video that will tell us the 8 steps to build a robust trading plan in which one of the steps is to identify if the market is trending or no.


TRADING PLAN :

You can check the following video that will explain how to

  • What are the 8 steps to build a robust trading plan based on Fibonacci retracement.
  • Most common mistakes that trades do.
  • Applying the trading plan to search for Fibonacci entry points.

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