Market / MetaTrader 5 / Indicators /

Turte Soup

100 USD

Demo downloaded: 5

Published: 10 November 2023

Current version: 1.0

Turte Soup

Indicators
Arnold Byarufu
Arnold Byarufu
CEO,COO at Southern Star Trading

Tanzania

733
1 (1)
- https://southernstar.tech
10 products
Version: 1.0
Activations: 5

This MetaTrader 5 indicator helps traders by identifying and marking two important levels on the chart:

1. Previous Day's High (PDH):
   - The highest price reached in the market during the previous trading day.

2. Previous Day's Low (PDL):
   - The lowest price reached in the market during the previous trading day.

How it Works:

1. Initialization:
   - When you attach the indicator to a chart, it initializes by calculating the PDH and PDL based on the highest and lowest prices of the previous trading day.

2. Plotting Arrows:
   - The indicator plots arrows on the chart to visually show the PDH and PDL levels. Red arrows indicate the PDH, and blue arrows indicate the PDL.

3. Alerts and Notifications:
   - The indicator monitors the current price on the chart.
   - If the current price crosses above the PDH, it triggers a notification saying that the price has crossed the Previous Day's High.
   - If the current price crosses below the PDL, it triggers a notification saying that the price has crossed the Previous Day's Low.

4. Daily Updates:
   - At the start of each trading day, the PDH and PDL values are recalculated based on the new highest and lowest prices.

This indicator helps traders quickly identify significant levels from the previous day, providing visual cues on the chart and alerting them when the current price crosses these levels.

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Translator MeraMera Custom Indicator for MetaTrader 5 Overview: The MeraMera indicator is a powerful tool designed for MetaTrader 5, aimed at traders who prefer a decisive, high-risk-high-reward trading strategy. Its motto, "GO Full Margin or GO Home," encapsulates its aggressive approach to trading. This custom indicator analyzes market conditions to identify potential bullish and bearish signals, helping traders make informed decisions based on historical price patterns. Key Features: 1. Bu

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Detailed Explanation of the Order Block Indicator What is an Order Block? An Order Block refers to a specific price zone where institutional traders (e.g., banks, hedge funds) have placed a large number of buy or sell orders. These zones are critical because they often mark areas of significant market reversals, continuations, or breakouts. In simpler terms, it's a region on the chart where the "big players" have left their footprints. Traders use these zones to predict price behavior—whether th

100 USD

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