Analytical Trader Indicator is a great tool to enhance your Metatrader platform.
With this indicator you can let your computer do the calculation of where the next support and resistance is.
Analytical Trader Indicator is useful to check some conditions before entering or exiting a trade.
During our trading activities we all have different strategies, however, support and resistance are present a necessity.
You can use Support and Resistance for:
- Consider an entry signal, if the price is near a level you might want to wait to entry
- Adjust your strategy, support and resistance can be often area when the price stagnate or bounces
- Exit a position, these levels can be set as take profit or stop loss, or even trailing stop
The installation is very easy to perform, same is the use.
· Once you run the Indicator you can set a few default options, the rest will be managed from the panel.The Indicator’s interface is quite intuitive and with a few click you can setup several levels of alert.