• 概述
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  • 评论
  • 新特性

FxGlow Zone Barrier MT5

This unique indicator detects overbought and oversold using adaptive support and resistance calculated from market volatility.

Indicator visually shows zones so we can anticipate price before it becomes overbought/oversold.


Expectations

To achieve more accurate trading, please use this tool in addition or support to the system you are using. This tool will perform better if combined with the right strategy.


Combination

To further boost the efficiency of this tool, you can combine this with FxGlow Reversal Edge.

You can check the strategy on this video link https://youtu.be/QhP59H2yKCo

You can also use this as an alternate Exit to other indicators, please check this link https://youtu.be/GW_r0VytxiY


Key features

  • Detects overbought/oversold conditions
  • Adaptive Support/Resistance
  • Can be used as alternate Exit Strategy to other FxGlow Indicators
  • DOES NOT repaint after a current bar is CLOSED
  • DOES NOT recalculate
  • Signals on CLOSE of a bar
  • Works in ALL pairs
  • Works in ALL timeframes
  • Can be used for Expert Advisors
  • Implements popup, email, push notification and sound alerts


Settings

  • Period - number of bars used for the indicator calculations
  • Max Bars - maximum number of history bars used


How to use

  • Support/Resistance Zones = zones where the price may react
  • Overbought/Oversold Zones = shaded zones once the price touches it
    • Overbought = we can look for selling if it is confirmed by our market analysis
    • Oversold = we can look for buying if it is confirmed by our market analysis


Notes

This indicator is a manual trading tool that can be used in many ways.

To test its effectiveness to your current trading systems, please take time to test the free DEMO first.

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版本 3.0 - 2017.03.23
More compatible to build update.