Technical Indicators for MetaTrader 5


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MetaTrader 5
Anzhela Sityaeva


Where is the correct entry point? Where to place an adequate stop? What is the potential of the planned transaction? These questions can be answered by support / resistance levels. But how to determine them correctly? The answer to this question is given by the algorithm underlying the program.
The algorithm visually displays adequate support / resistance levels and possible price gaps, giving a reliable foothold in making trading decisions.

For the successful application of this solution, it is necessary to have an understanding of the principles of using support / resistance levels - how the price behaves at these levels.
To use the support / resistance levels built by the algorithm in trading, you should choose one of three possible periods or use a combination of all three periods depending on the trading style - short, medium or long term.

The youngest period involves short-term trading with a working period of up to 15 minutes, medium-term with a working period of up to an hour and long-term above an hour.

When using more than one period, you should install more than one program (up to three) on the chart using different periods and level display styles to avoid confusion.

The algorithm has two modes for constructing levels - classic and advanced, which one to use depends on the type of instrument and the scale of trade.

By default, the levels of the beginning of the opening of the period and the possible price gap (Gap) are displayed in yellow, in lighter tones the levels are located above the opening price of the period, in the darker lower. Also, color marks the levels located at 50% and 100% of the calculated volatility of the instrument, in various colors relative to the opening price of the period.
All settings have an intuitive designation and allow you to choose the appropriate ones.



If for any reason you do not like the purchased program, you can request a refund within 14 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email:

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RISK WARNING: is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.