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Obaforex Tops and Bottoms

Obaforex Tops & Bottoms is a trading tool born out of a personal need to accurately filter tops and Bottoms and ensure consistency in the way tops and bottoms are picked for technical analysis. Mt5 version https://www.mql5.com/en/market/product/55417

It does not repaint (once top or bottom is printed, it don't disappear)
It only prints tops and bottoms after a specified No of bars or candles to the right
It has only one adjustable setting (less confusion finding the most appropriate setting)

This tool is expected to significantly improve the decision making of almost any form of technical analysis

1. Trend Lines and Breakouts
Connecting a series of tops or bottoms (personally I prefer to use the most recent two) generated by this indicator can form a very strong line of support or resistance where a trader can either look to trade a bounce or breakout.

2. Chart Patterns
Spotting chart patterns with Obaforex tops and bottoms is just a matter of connecting tops and bottoms and see what unfolds before your eyes. These setups have incredible accuracy even on very small time frames due to the quality of the tops and bottoms connected to form them. 

3. Divergence Trading

Obaforex tops & bottoms enable you to easily spot consecutive tops and bottoms, using your favorite oscillators, you can check for divergence between these consecutive tops or bottoms. most importantly it shows you which trend line needs to break for you to trade this divergence and make the most out of them at minimal risk

Note: Obaforex Tops and Bottoms Indicator only prints tops and bottoms on chart and all lines and arrows are manually drawn on chart to illustrate how it is intended for use ideally. 

Also i have released a highly functional and very easy to use trendline trader EA https://www.mql5.com/en/market/product/55103 to automate the trading of lines generated from plotting the tops and bottoms generated through the use of  this indicator.


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Price action is among the most popular trading concepts. A trader who knows how to use price action the right way can often improve his performance and his way of looking at charts significantly. However, there are still a lot of misunderstandings and half-truths circulating that confuse traders and set them up for failure. Using PA Trend Reversal will be possible to identify high probability exhaustion moves of a trend. ⚠️ AVOID NEWS AND SPEECHES - most of the bad signals are during the news/sp
99 USD
Meta Trend MT4
Ehsan Tarakemeh
Meta Trend Indicator  is the most efficient way to forecast and detect the trend in any market. It reveals the trend, support and resistance levels, volatility and the maximum potential target, all in one indicator. To adapt to the price and to decrease consecutive trend failures, the internal trend detector algorithm studies the market and dynamically chooses the right values for the internal parameters. This indicator is a perfect trend filter for any strategy or expert advisor.   Features S
99 USD
Filtro:
Naser
1131
Naser 2020.09.30 19:07 
 

Unsuccessful

Suat Emre
768
Suat Emre 2020.09.27 06:49 
 

Waste of money!

Responder ao comentário
Versão 1.2 2020.09.25
Fixed a very small set of missing valid tops and bottoms.
Versão 1.1 2020.08.22
Adjustments to code, to make demo version backtest compatible in strategy tester.