Trading utilities for MetaTrader 5

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MetaTrader 5

MT5 Experts MT5 Indicators MT5 Libraries MT5 Utilities

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Information

Indicators
MetaTrader 5
Temitayo Lawal
1.28
10

Overview

This indicator uses support and resistance, volume and some special formula to calculate the volume to filter the candles.

If the volume reaches a specific value, And at the same time, Candle breaks the support/resistance line, There would be a signal and we can enter the market.

Signals appear when the current candle closes. then you can enter the trade when a new candle appears. Please don't forget to follow your money management plan.



MT4 Version

Support/Resistance Breakout MT4 : https://www.mql5.com/en/market/product/65831


Indicator Capabilities:

    • So simple.
    • No Repaint, No Delay, No Lag
    • Easy to use for non-experienced traders as well as professional traders.
    • Low-risk entries.
    • No other Indicator is needed.
    • Popup Alerts, Push Notification, and Email alerts.
    • Works with any symbols in any time frame.
    • Can be used in Expert Advisors.


    Indicator Parameters:

      • Period to find Support/Resistance
      • Final Signal Method (Rising, Exciting, Both)
      • Draw Support and Resistance Line
      • Show Fractals
      • Show HigherHigh, HigherLow, LowerLow, LowerHigh
      • Show Candle Types (Volume Analysis, Trend or None)
      • Types of Alert



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