Platform: MetaTrader 4
Skill Level: Intermediate traders
Indicator Categories: Support & Resistance, Trading Assist, Levels
Indicator Types: Reversal
Timeframes: Multi-timeframe compatible
Trading Styles: Day trading
Trading Instruments: Forex, Stocks, Indices, Commodities, Cryptocurrency
Functionality:
- Uses advanced algorithms to identify previous reaction zones
- Zones based on number and strength of price touches
- Colored lines indicate dynamic support/resistance
- “Memory Effect”: past reaction levels likely to repeat
- Stop Loss often placed behind these zones
Uptrend Example:
- Price approaches support + bullish candlestick → level prevents decline → buy signal
- Breakout above level + high volume → stronger buy confirmation
Downtrend Example:
- Price reaches resistance + bearish candlestick → trend reversal → sell signal
- Resistance confirmed with volume → sell entry
Helps traders identify optimal entry and exit points
Facilitates trend reversal and market structure analysis
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