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This indicator paints higher timeframe moving average. These moving averages are useful as * Certain moving averages serve as known support/resistance and there are important reactions around them often times. * Having them on lower timeframe chart allows for more precise entry, exit, analysis. * Price stuck between two or three important moving averages often times coils for a big move. * They are useful in comparison of connected instruments And variety of other uses. There is also an
Volume Based Support Resistance With Alerts is an indicator that calculates volume profile for selected timeframe (not necessarily chart timeframe), finds local points of control (high volume zones) and low volume zones. Low volume zones often serve as strong support / resistance. Between these zones lie zones with significantly higher volume and that is where most of the price action is taking place, culminating with point of control. We can therefore use volume profile and it's structure to
Manual Support Resistance Zones With Alerts is a tool to quickly add multiple zones of interest to the chart and name them. Each zone has convenient buttons attached which you can activate on chart to receive alerts on your phone or on your computer. For alerts on your phone you need to configure your MetaTrader settings of course. Zones can be set in traditional input settings, or using menu after clicking on a small button in lower left corner. ** Important ** 1. Remember that zones entered in
Manual Support And Resistance Zones is a tool to quickly add multiple zones of interest to the chart and name them. Zones can be set in traditional input settings, or using menu after clicking on a small button in lower left corner. ** Important ** 1. Remember that zones entered in input setting persist after reinitialization (reset, timeframe change) Zones that we set in button menu reset after reinitialization. 2. When clicking in the button menu to enter data in fields, remember that it is
Little useful tool - you manually select range on chart by dragging vertical blue lines and indicator shows support and resistance zones for this range and extends them outside of selected range. Useful for: * Range trading * Range breakout * Range breakout & retest * Good entry during pullback in trend phase when previous high is retested * Good for scalping on short timeframes * Good for trades on longer timeframes around selected important zones like daily high or low