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  • Commenti (4)
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Bull and Bear Zone

5

A supply and demand indicator designed with a minimalist trading strategy based on the nature of the market. Indicator type: Price Action indicator

The Bull zone is a strong support area, and the Bear zone is a strong resistance area. When a Bull zone was breakout, it becomes the "base" of the Bears and vice versa. When the price meets these areas, there is a high probability that the price will reversal, so we call them Obstacles.

  • It is a suitable indicator for traders interested in manual price action and algorithmic trading upgrades, from scalping to swing trading.
  • The principle of reading market structure: the closer the price pattern is to the current moment, the more influence it will have on the next price move.
  • So the preferred direction of this indicator is to identify a Bull & Bear zone close enough to the current price (Not too far away so that every point on the chart can be a supply and demand zone).
Why is this indicator different?
1. Draw personalized strong Obstacles: The indicator uses a complex algorithm, novel but with simple parameters, you can create powerful Obstacles (potentially            causing high price reversals) that suitable fit your strategy.
2. Non-repainting and drawing in minimalist style: Only the near Obstacle is displayed; the remaining are hidden under the arrows which can be called out anytime
3. Multi-timeframe indicator: Use the timeframe input to draw an Obstacle on the other timeframe.
4. The Graphical user interface is designed for all Obstacle to help approach the more vital Obstacle as a goal.
    • Level of Obstacles: Identify the Obstacle's strength by visual numbers. The higher the level value, the more price has reacted in the past, and the higher it reacts.
    • Padlock: Locks a targeted Obstacle to track it on every timeframe and selectively triggers alerts on that.
    5.Dashboard showing Bull and Bear price action strategy. (New feature)
    • Brief Description: It is a strategy of waiting for the price to be in a pullback for a price reversal at the nearest Obstacle area in the current trend.
    • Three core parameters are monitored on Dashboard: Faction, Potential position and Entry signal.
    • The Entry signal represents the exhaustion of the opponent side and the dominance of the our side, observed based on the price momentums.

      Note:

      • If you have problems installing the product, please get in touch with me via the chat in mql5.
      • This indicator will be continuously updated and improved, have a good trading.


      Recensioni 3
      devinder balgir
      6318
      devinder balgir 2023.01.09 18:29 
       

      A very good indicator, recommend others to try this indicator with no regret. Good job. thanks

      Shaik Farid Bin Shaik Ibrahim
      536
      Shaik Farid Bin Shaik Ibrahim 2022.11.24 04:17 
       

      Work greatly with my strategy. You can PM him for personal EA that can integrated with this indicator

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      Blahtech Limited
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      Tran Nhat Minh
      5 (2)
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      FREE
      Minimalist style BB indicator fully filled with a single color.  Indicator type: Technical Indicator You are too confused with the complicated zigzag lines in the BB indicator, especially when your strategy has many indicators combined, it looks like a mess  and we will no longer see any candlesticks on the chart for technical analysis s. This indicator was born to solve that.  See more:  Conversion tradingview indicator collection  |  Minimalist Price Action Strategy  |  Subscribe It is design
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      Pro Minimalist Trade Assistant : Focusing on Risk Management and Strict Trade Discipline for Each Trading Style The benefits of EA: 1.Intuitive Graphical Interface:  Take control with an excellent graphical dashboard featuring outstanding parameters for swift order execution. Enjoy a sleek and customizable interface with the option to switch between dark and light themes 2.Support for Cultivating Trading Discipline Habits Adhering to your trading style is essential. Each Trading style is tailor
      39 USD
      A supply and demand indicator designed with a minimalist trading strategy based on the nature of the market. The Bull zone is a strong support area, and the Bear zone is a strong resistance area. When a Bull zone was breakout, it becomes the "base" of the Bears and vice versa. When the price meets these areas, there is a high probability that the price will turn around, so we call them Obstacles. It is a suitable indicator for traders interested in manual price action and algorithmic trading up
      39 USD
      Entry Orders Pro
      Tran Nhat Minh
      5 (1)
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      39 USD
      Filtro:
      devinder balgir
      6318
      devinder balgir 2023.01.09 18:29 
       

      A very good indicator, recommend others to try this indicator with no regret. Good job. thanks

      Shaik Farid Bin Shaik Ibrahim
      536
      Shaik Farid Bin Shaik Ibrahim 2022.11.24 04:17 
       

      Work greatly with my strategy. You can PM him for personal EA that can integrated with this indicator

      Phan Thanh Tung
      441
      Phan Thanh Tung 2022.11.06 12:58 
       

      L'utente non ha lasciato alcun commento sulla valutazione.

      Rispondi alla recensione
      Versione 1.4 2023.05.24
      Performance Optimization
      New feature: Integrate Bull and Bear minimalist price action strategy into the indicator. Coming up with a trading ea following this strategy in the near future
      Versione 1.3 2022.11.17
      Small update to increase performance
      Versione 1.2 2022.11.13

      New feature: Export the data of the Obstacles to a file for easy integration into other indicators or ea
      Versione 1.1 2022.11.04
      Small upgrade on the locked Obstacle drawing algorithm