• Overview
  • Reviews (1)
  • Comments (26)
  • What's new

FxGlow Zone Barrier

This unique indicator detects overbought and oversold using adaptive support and resistance calculated from market volatility.

Indicator visually shows zones so we can anticipate price before it becomes overbought/oversold


Expectations

To achieve more accurate trading, please use this tool in addition or support to the system you are using. This tool will perform better if combined to the right strategy.


Combination

To further boost the efficiency of this tool, you can combine this to FxGlow Reversal Edge

You can check the strategy on this video link https://youtu.be/QhP59H2yKCo

You can also use this as an alternate Exit to other indicators, please check this link https://youtu.be/GW_r0VytxiY


Key features

  • Detects Overbought/Oversold conditions
  • Adaptive Support/Resistance
  • Can be used as alternate Exit Strategy to other FxGlow Indicators
  • DOES NOT Repaint after Current Bar is CLOSED
  • DOES NOT Recalculate
  • Signals on CLOSE of Bar
  • Works in ALL pairs
  • Works in ALL timeframes
  • Can be used for Expert Advisors
  • Implements Popup, Email, Push Notification and Sound Alerts


Settings

  • Period - the number of bars used for indicator calculation
  • Maximum History Bars - the maximum number of past bars used
  • Display Zone - Show/Hide reversal zones
  • Display Price Text - Show/Hide limit values of reversal zones
  • Price Text Size - Font size on chart
  • Bring Chart to Foreground - force charts to be drawn above objects
  • Activate Alert Box - Enable/Disable MT4 popup alert
  • Activate Email Alert - Enable/Disable alerts send via email
  • Activate Push Notification - Enable/Disable alerts send through your smart phone
  • Activate Sound Alerts - Enable/Disable audible alerts
  • Sound Alert File Name - file name of sound to be played


How to use

  • Support/Resistance Zones = Zones where price may react
  • Overbought/Oversold Zones = Shaded zones once price touches it
    • Overbought = We can look for selling if it is confirmed with our market analysis
    • Oversold = We can look for buying if it is confirmed with our market analysis


Notes

This indicator is a manual trading tool that can be used in many ways.

To test its effectiveness to your current trading systems, please take time to Test the Free DEMO first.

RedBull
781
2016.05.15 10:08 
 

Excellent indicator for price action

Version 3.0 - 2017.03.23
More compatible to build update.
Version 2.0 - 2016.06.21
Improved the compatibility
Changed some input names
Added the buffer index number on the "About" section for developer purposes
Version 1.1 - 2015.08.13
Improved MT4 build compatibility