Daily Average Retracement Dashboard

5

Daily Average Retracement Dashboard is an indicator that allows you to monitor multiple currency pairs at one time. This indicator is mainly for strategies that trade price retracement based on Resistance 3/4 or Support 3/4.

After applying this indicator to the chart window, it will hide the chart and display the currency pairs in a table form. There are several data shown on the table that will help trader know when to analyze the currency and do trade using retracement.

The indicator will only show 7 major currency pairs: USDJPY, USDCHF, USDCAD, EURUSD, GBPUSD, AUDUSD, NZDUSD


Input parameters

N/A


Signal to trade retracement using this indicator

  1. Today range >= Daily average (Currency label in the indicator will show GREEN color if this condition is met).
  2. Price hit Daily average resistance/Daily average support.
  3. Price hit Resistance 3/4 or Support 3/4 (Resistance status/Support status will indicate if price hit).

If all 3 condition above hit, the quickest way to navigate to your chart is click on the Currency label in the table. New chart window with M5 timeframe will be open. Use M5 Stochastic or RSI and Candle stick pattern to find your entry point.

Remember you are looking for retracement.


Data shown in the table

**NOTE: The values are calculated based on 5-digits system. Points show in the indicator will be pipette.**

  1. Buy Trend Potential Profit: This value will show how far is the current price to today's High.
  2. Sell Trend Potential Profit: This value will show how far is the current price to today's Low.
  3. Resistance Status: This value will indicate if the price have touched R1/R2/R3/R4. E.g. Touched - R3.
  4. Resistance 4: This value will show today's Resistance 4. It is calculated based on Fibo 1.618.
  5. Resistance 3: This value will show today's Resistance 3. It is calculated based on Fibo 1.000.
  6. Support 3: This value will show today's Support 3. It is calculated based on Fibo 1.000.
  7. Support 4: This value will show today's Support 4. It is calculated based on Fibo 1.618.
  8. Support Status: This value will indicate if the price have touched S1/S2/S3/S4. E.g. Touched - S4.
  9. Today Range: This value will show how much pips has been moved today.
  10. Daily Average: This value will show today's average pips movement. It is calculated based on past 30 days High Low difference and average calculation has been done to get this value.
  11. Daily Average Resistance: This value will show today's average resistance price.
  12. Daily Average Support: This value will show today's average support price.
  13. Bid Price: This value will show current Bid price.
  14. Ask Price: This value will show current Ask price.


Future plan

I will release Pro version soon that will support more currency pairs and you get to choose what currency you want to observe. And will support multiple ways of calculate daily average value (E.g. High Low difference, ATR, MA, etc). There are 6 ways of calculate daily average that I have learnt.

Please leave feedback so that I can improve my indicator.

Reviews 2
topline8000
1144
topline8000 2022.05.03 14:40 

very good indicator

Quantum Trader
3059
Quantum Trader 2020.12.20 08:50 

well done for great Job . by using your indicator we can save time and make things more clear to plan the trades . i hope if push alert can be added and more pairs . this will be amazing . thank you so much for sharing this

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Gann Made Easy is a professional and easy to use Forex trading system which is based on the best principles of trading using the theory of W.D. Gann. The indicator provides accurate BUY and SELL signals including Stop Loss and Take Profit levels. You can trade even on the go using PUSH notifications. PLEASE CONTACT ME AFTER PURCHASE TO GET TRADING  INSTRUCTIONS   AND GREAT EXTRA INDICATORS  FOR FREE! Probably you already heard about the Gann trading methods before. Usually the Gann theory is a
ZoneFusion Pro Institutional Cluster System
Godwin Edward Enyali
Indicators
ZoneFusion Pro Institutional Cluster System ZoneFusion Pro is a professional grade trading indicator built for serious forex traders, prop firm challenge traders, and Smart Money Concepts traders who want structured, high probability market entries based on institutional logic. This system combines SMC, multi timeframe market structure, demand and supply zones, and moving average confluence into one clean execution framework designed to remove guesswork from trading. CORE FEATURES Multi Timefram
Pips Generator
Oleg Rodin
4.6 (10)
Indicators
Apollo Pips Generator  is a channel based indicator which provides entry signals in the direction of the trend. The indicator provides multiple entry points so you can always find a trading opportunity to profit on. The tool also provides you with clear exit signals in a form of stars. ALL SIGNALS DO NOT REPAINT! The indicator can be used with any forex pair and time frame. The indicator provides all types of alerts including PUSH notifications. PLEASE CONTACT ME AFTER PURCHASE TO GET TRADING IN
Dinapoli Package MT4
Samil Bozuyuk
5 (1)
Indicators
All in One package includes the  Oscillator Predictor ,  MACD Predictor ,  Thrust Scanner  and  Advanced Fibonacci  indicators which are mandatory for applying  Dinapoli  trade plans.  Please visit below links for detailed explanations of indicators. Advanced Fibonacci Indicator =>  https://www.mql5.com/en/market/product/52834 Thrust Scanner Indicator => https://www.mql5.com/en/market/product/52830 Overbought /Oversold Predictor indicator => https://www.mql5.com/en/market/product/52621 Macd P
Obsidian Scalper PRO MT4
Evgenii Sutulov
Indicators
An arrow tells you to buy. Obsidian Scalper Pro tells you where to buy, where the stop goes, where the three targets are, how big the position should be for your risk, and how good the setup is out of 100. Every signal arrives as a finished trade plan drawn on the chart, and a built in statistics window shows the honest result of the last hundred of them, win rate with a confidence interval and all. Every decision is made on a closed bar, so the history you are looking at is the history you woul
GoldRush Trend Arrow Signal
Kirk Lee Holloway
5 (2)
Indicators
GoldRush Trend Arrow Signal V1.6 The GoldRush Trend Arrow Signal indicator V1.6 continues to provide precise, real-time trend analysis tailored for high-speed, short-term scalpers in XAU/USD , but it now has additional features and improved efficiency and reliability. Built specifically for the 1-minute time frame, this tool displays directional arrows for clear entry points, allowing scalpers to navigate volatile market conditions with confidence. The indicator consists of PRIMARY and SECONDARY
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Daily Average Retracement Dashboard PRO
Ruen Fei Chong
Indicators
Daily Average Retracement Dashboard is an indicator that allows you to monitor multiple currency pairs at one time. This indicator is mainly for strategies that trade price retracement based on Resistance 3/4 or Support 3/4. After applying this indicator to the chart window, it will hide the chart and display the currency pairs in a table form. There are several data shown on the table that will help trader know when to analyze the currency and do trade using retracement. The indicator will show
Daily Stats Panel
Ruen Fei Chong
Indicators
DAILY STATS PANEL is a small panel that shows some statistic of opened chart. For example: Fibonacci resistance and support, daily average moving points and today's moving range, etc. After applied this expert advisor to chart, a small panel will be shown on the right.  ** NOTE: This is not an algo trading expert advisor. ** Input parameters show_pivot - Whether or not to show pivot, resistance and support line on the chart. Pivot Color - R1-R4, Pivot and S1-S4 horizontal line colors. Statist
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topline8000
1144
topline8000 2022.05.03 14:40 

very good indicator

Quantum Trader
3059
Quantum Trader 2020.12.20 08:50 

well done for great Job . by using your indicator we can save time and make things more clear to plan the trades . i hope if push alert can be added and more pairs . this will be amazing . thank you so much for sharing this

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