Trading libraries for MetaTrader 4
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MetaTrader 4
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Overview
In the fifth update, the indicator now aims to predict the direction of the next candle, issuing a buy or sell arrow precisely when the conditions are met.
Since its first version, which showed support and resistance levels on the chart, up to the current version 5, many improvements have been made. One of the key changes is the removal of visual support and resistance levels to prevent memory overload. This is no longer necessary, as arrows are now issued when the price is near or touches these supply and demand regions.
The implementation of range filters and candlestick pattern body reading further enhances the indicator, making it highly reliable for short-term trades or for a single candle after the signal.
In the tests conducted, the best performance was on EUR/USD with a 15-minute time frame.
Other smaller time frames can be used, provided proper resource management is in place.
Whether for the Forex market in scalping mode or for binary options, this indicator will perform well and keep your trades in profit.
