Market / MetaTrader 4 / Indicators /

Next Move

FREE

Published: 29 March 2021

Current version: 1.0

Next Move

WHAT IS NEXT MOVE?

SIMPLE ANSWER IS, THIS PROGRAM IS BASED ON PRICE ACTION THEREFORE FINDING NEXT MOVE IS EASY TO IDENTIFY

THIS PROGRAM IS USING STANDARD CALCULATIONS FOR SUPPORT RESISTANCE IN SHAPE OF 2 WAYS

TREND LINES SELECT
HORIZONTAL LINES

TREND LINES WILL GUIDE TRADERS TO TRADE IN RANGE WITH PIVOT LEVEL ALSO

HORIZONTAL LINES GUIDE YOU ABOUT SUPPORT RESISTANCE OF DIFFERENT TIMEFRAMES

FOR EXAMPLE:

IF TRADER INTERESTED TO TRADE IN 15 MINUTES TIME FRAME, THEN HE CAN SELECT 15 MINUTES IN PRICE MOVEMENT SELECTION BY SETTING BUT THIS IS NOT ENOUGH, SAME TRADER CAN VIEW MULTIPLE SUPPORT & RESISTANCE WITH THE HELP OF SELECTING DIFFERENT TIMEFRAMES.

BY DEFAULT THE SETTINGS ARE:

TRENDLINES CALCULATION AS PER 100 PERIOD (TRENDLINES CAN BE CALCULATED AS PER TRADER REQUIREMENT)
HORIZONTAL LINES CALCULATION AS PER 01 HOUR (PRICE MOVEMENTS CAN BE SELECTED FROM 01 MINUTE - 01 MONTH)

TRADER CAN CHANGE THESE SETTING AS PER HIS/HER REQUIREMENTS

HOW TO TRADE:

VERY IMPORTANT TO UNDERSTAND BUT SO SIMPLE WAY TO TRADE
ANY UP OR DOWN HAVE A MIDDLE POINT WHICH WE CALL PIVOT LEVEL
IN DEFAULT SETTING PIVOT LEVELS OR MIDDLE POINT IS IN BLUE COLOUR
AFTER MARKET OPENS, WHEN THE PRICE CLOSES ABOVE BLUE LINE, TRADER MAY ENTER WITH BUY POSITION
AFTER MARKET OPENS, WHEN THE PRICE CLOSES BELOW BLUE LINE TRADER MAY ENTER WITH SELL POSITION
REMEMBER, THE SELECTION OF PRICE MOVEMENT (BY SETTINGS) IS VERY IMPORTANT
THE MIDDLE LEVEL IS MOVING WITH PRICE CLOSES SO ONCE YOU ENTER MARKET THE YOU CAN USE PIVOT LEVEL FOR TAKE PROFIT OR TRAILING STOP
STOP LOSS MAY BE SUPPORT FIRST LINE FOR BUY POSITION & RESISTANCE FIRST LINE FOR SELL POSITION

WISH YOU BEST OF LUCK

RECOMMENDATION:

1- FIRST TEST IT IN DEMO AND THEN APPLY TO REAL (FEW HOURS ENOUGH FOR UNDERSTAND & 01 DAY IS ENOUGH FOR TESTING)
2- ALWAYS MANAGE YOUR CASH AS PER YOUR DEPOSIT
3- TRY TO TRADE IN HIGH TIMEFRAMES BECAUSE THERE IS A CHANCE TO GAIN MORE AND CAN MANAGE GOOD STOPLOSS & TAKE PROFITS

WARNING: TRADE WISELY. REMEMBER YOU MAY LOSE MORE THAN YOU INVESTED

more...

Smith 2023.07.12 23:21 #

THE REAL GAME CHANGER!! THANKS!!

148

massey5782 2022.06.24 07:38 #

This is a great indicator. I can't believe it's free. It's simple and intuitive. However, I don't understand the meaning of the blue line in the middle and how to use it.

3471

John Winsome Munar 2022.06.16 01:00 #

Good, helpful indicator

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Filter:

Smith 2023.07.12 23:21 #

THE REAL GAME CHANGER!! THANKS!!

Bendy Jeune 2022.09.18 20:09 #

how to use this indicator please? Someone can help me?

148

massey5782 2022.06.24 07:38 #

This is a great indicator. I can't believe it's free. It's simple and intuitive. However, I don't understand the meaning of the blue line in the middle and how to use it.

3471

John Winsome Munar 2022.06.16 01:00 #

Good, helpful indicator

1382

intan08 2021.10.26 21:30 #

Great, thanks!

824

adnanadnan 2021.05.30 12:34 #

later

139

epicamj 2021.04.15 01:05 #

Good indicator. Gives us a clear notion of the trend and the support / resistence lines are very helpful on a higher timeframe.