Monthly OHLC MA

  • Indicators
  • Sattiraju Kottapalli
    Sattiraju Kottapalli

    Sattiraju Kottapalli

    • Full time Trader and Programer at  India
    • India
    • 1066
    5 (2)
    Full time Forex Trader and mql4/mql5 programmer with 6+ years of experience.
    Developed and tested 100+ indicators.
    Specialized in designing many successful Forex trading systems and strategies.
    Designed specialized algorithm for future price levels called "Adamant Levels".
    3 products 1 comment
  • Version: 1.0

This indicator Plots Open, High, Low and Close levels of previous month, on current month's lower time frames.

These levels act as good support and resistance levels.

Most of the time price oscillates within the levels.

wait for price to reach these levels and act accordingly.


Pay special attention to confluence of levels.

According to my observation if Close (White) level is in confluence with any other levels, High probability of break out or bounce back.

Scroll back to previous months and observe price Action at these levels for better understanding.


Input Parameters

No input parameters


Open= Color Spring Green

High = Color Magenta

Low = Color Dark Khaki

Close = Color White


Enjoy the indicator.





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FibonacciAlert Pro - MetaTrader 5 Trading Indicator FibonacciAlert Pro is an advanced indicator for MetaTrader 5 and 4 that automatically monitors Fibonacci levels on your charts and sends real-time alerts. Developed to provide a professional solution for traders who use Fibonacci retracements in their technical analysis. The advanced FIBO ALERTS PRO indicator is available in two versions, compatible with MetaTrader 4 and MetaTrader 5, and works with all Forex brokers and proprietary trading f
True Direction Oscillator
Muhammad Elbermawi
4.85 (364)
Indicators
Or (TDO)  which is an index that measures the price rate of change using the principle of " Pure Momentum ". When a security price advances from 10 to 15 then the price rate of change is 150% but when it declines back from 15 to 10 then the price rate of change is 33.3% only. That is why technical analysis indicators like "Price Rate of Change" (ROC) or "Momentum" give higher readings for ascending price movements than those given to descending ones. TDO fixes this problem to help traders at rea
Prop Firm Sniper
Mohamed Hassan
4.33 (6)
Indicators
Prop Firm Sniper MT4  is a professional market structure indicator that automatically identifies high-probability BUY and SELL opportunities using BOS and CHoCH analysis. Recommended Timeframes: For backtesting, use the indicator on   M5 or M15   for Gold (XAUUSD), and   M15 or H1   for more volatile Forex pairs such as   GBPUSD, USDJPY, EURGBP , and similar markets. CONTACT ME AFTER PURCHASE TO CLAIM YOUR FREE BONUSES! Prop Firm Sniper  is a professional market structure indicator designed t
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Adamant Levels Logic A
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This Indicator Paints levels which are very ' Adamant ' and strong in nature. These levels act as strong Price rejection levels for a life time and never repaint. Disclaimer : If you are looking for a Fancy, colorful and eye catchy indicator please stay away. No trader can become a good trader without considering levels where the price can hold, bounce or break. These levels help traders to enter markets at a cheaper price. They can be Support resistance, demand supply, pivot point, Fibonacci
Adament Levels Logic B
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First of all i would like to thank you all for the huge success of "Adamant Levels Logic A" for more details of logic A please refer to the below link: https://www.mql5.com/en/market/product/36082 After its success, i am confident enough that this indicator "Adamant Levels Logic B"  also will play an important role in your successful trading carrier. Introduction to Adamant Levels: Disclaimer : If you are looking for a Fancy, colorful and eye catchy indicator please stay away. No trader can
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sunnychow
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sunnychow 2019.03.10 14:49 
 

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Krishna Karanam
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Krishna Karanam 2019.03.07 18:31 
 

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