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Provlepsis Simple

Welcome to the Provlepsis Indicator

"Provlepsis" is a highly advanced indicator designed for the MQL Market.
By analyzing previous bars with the same time of the day, it accurately calculates the potential range of market movement, providing valuable insights into future price fluctuations.
Unlike the traditional ATR indicator, "Provlepsis" takes into account the time factor, resulting in a more powerful tool that adapts to different market conditions.
During nighttime, the indicator predicts a narrower range, while during active trading hours, it anticipates a wider range.

Gain a competitive edge in your trading strategy with the comprehensive range analysis provided by "Provlepsis."


You can check here the full version, where you can change the length and the shift of the Provlepsis Indicator!
https://www.mql5.com/en/market/product/98802


Why using Provlepsis

  • Range-based Trading: The indicator's ability to identify the potential range of market movement can be valuable for range-based trading strategies. Traders can use the indicator to identify key support and resistance levels within the projected range and execute trades accordingly.

  • Volatility Analysis: By considering the time factor, "Provlepsis" can provide insights into market volatility. Traders can use the indicator to gauge periods of low or high volatility and adjust their risk management and position sizing accordingly.

  • Time-sensitive Strategies: The indicator's focus on specific time periods allows traders to develop strategies tailored to different market sessions. For example, a trader might adjust their trading approach during the night when the indicator suggests a narrower range and adopt a more aggressive approach during active trading hours when a wider range is expected.

  • Trend Confirmation: "Provlepsis" can serve as a supplementary tool for trend confirmation. Traders can compare the indicator's projected range with the direction of the trend to validate the strength of the trend and make more informed trading decisions.

  • Stop Loss Placement: The indicator's range estimation can assist in determining appropriate stop loss levels. Traders can set their stop loss orders outside the projected range to allow for potential market fluctuations while still maintaining risk management.

Disclaimer:
It is important to note that while the "Provlepsis" indicator can provide valuable insights into potential price movements, it is not a guaranteed prediction or a foolproof trading strategy. Market conditions can be unpredictable, and price movements can deviate from historical patterns. Traders should exercise caution and conduct thorough analysis in conjunction with using the indicator. It is advisable to test the indicator on historical data or in a demo trading environment before implementing it in live trading. Additionally, past performance is not indicative of future results. Traders should always consider their risk tolerance, financial situation, and trading experience before making any investment decisions.


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At Xignal-Coding, we're passionate about helping traders succeed in the markets. That's why we're excited to share with you our latest creation, the Simple CCI trading robot/tool. Our primary goal with this robot is to empower traders with a safe and reliable tool that helps them understand the CCI indicator and use it to their advantage in the trading assets of their choice. With the Simple CCI, you have full control over your trading strategy. You can use it as a trend continuation strategy o
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XC Trade Manager for MT5 Manage Your Trades with Precision and Ease Welcome to XC Trade Manager , the ultimate solution for traders seeking efficient and intuitive trade management on the MT5 platform. Developed by Xignal Coding , our seventh product in the MQL5 Market lineup, the XC Trade Manager is designed to streamline your trading experience, allowing you to focus on what truly matters—making informed trading decisions. Key Features 1. Orders Tab Effortlessly place and manage your trades wi
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Discover the Simplicity of Trading Correlated Symbols with Easy Correlations Have you ever wanted to effortlessly master trading correlated symbols? Meet 'Easy Correlations' - your new best friend in navigating the intricate world of market correlations. Our tool is designed to simplify the complexities of trading, turning a challenging strategy into an accessible and profitable experience. The Concept Made Simple : At its core, 'Easy Correlations' revolves around a straightforward idea. Find
Provlepsis
Ioannis Xenos
Welcome to the Provlepsis Indicator "Provlepsis" is a highly advanced indicator designed for the MQL Market. By analyzing previous bars with the same time of the day, it accurately calculates the potential range of market movement, providing valuable insights into future price fluctuations. Unlike the traditional ATR indicator, "Provlepsis" takes into account the time factor, resulting in a more powerful tool that adapts to different market conditions. During nighttime, the indicator pr
Meet Master Oscillators, a bot that makes trading simple and flexible! Choose from RSI, CCI, or Stochastic signals and build your own strategy. This bot gives you many tools, like MA filter, dynamic lot sizes, Kelly Criterion calculator, dynamic SL and TP levels, and more. No matter your trading style, Master Oscillators is here for you. It gives you important info, stats, and more, while always keeping your trading safe. If you've ever wanted to build your own trading bot but didn't know ho
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Lenia_Krou
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Lenia_Krou 2023.07.08 22:39 
 

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Ioannis Xenos
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Reply from developer Ioannis Xenos 2023.07.08 22:45
Thank you for your kind review!
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