Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
CONSTITUTION
Exhaustion [Move] is an indicator consisting of an oscillator and three dynamic levels (upper, middler, lower). The inputs can be used to adjust the oscillator, dynamic levels and warning signals. It is designed for the MT5 platform only.
APPLICATION
This indicator should be used with a trend filter [e.g. moving averages, MA 200]. It detects the exhaustion of correction movements within a trend, thus giving entry points for new trades.
It is usually used in the RENKO chart for SCALP, where the middle level is usual for alerts in order not to miss out on good trading opportunities. Some scalping assets: Mini Indice, Mini dolar, Step Index; Step Index 200, Step Index 500; Multi Step 2 Index and Multi Step 4 Index.
