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Yesterday High Low

The "Yesterday High Low" indicator for the MetaTrader 4 (MT4) trading platform is a powerful tool designed to help traders identify key price levels from the previous trading day. This indicator provides a visual representation of the high prices, low prices, high/low price averages, and intermediate average levels on the chart.

Primarily used by institutional and professional traders, this indicator offers an instant view of price levels that are often considered crucial in financial markets. Here is a detailed description of its main features:

1. **Previous Day High Price:** The indicator draws a horizontal line to represent the highest price reached during the previous trading session. This level is often seen as a potential resistance.

2. **Previous Day Low Price:** Another horizontal line is drawn to indicate the lowest price reached during the previous day. This level is typically interpreted as potential support.

3. **Average of High/Low Prices:** The indicator also calculates the average of high prices and the average of low prices from the previous day. These averages provide a more comprehensive view of the price range from the previous day.

4. **Intermediate Averages:** In addition to high and low prices and their averages, the indicator can also display intermediate averages, creating additional reference levels on the chart.

Using this indicator can help traders anticipate areas where institutional and professional trader activity is likely to increase. These key price levels can serve as decision points for traders, helping them make informed decisions regarding their entries and exits, as well as risk management.

In summary, the "Yesterday Day High Low" indicator for MT4 is an invaluable tool for traders looking to analyze important price levels from the previous day, which can enhance their trading performance by identifying potential support and resistance zones in financial markets.
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RSI Candle Signal Indicator will change bars’ color when set overbought or oversold levels reach. How to Use RSI Candle Signal Uptrend/Downtrends  - RSI may be used to detect trending markets. For example, the RSI may stay above the mid line 50 in an uptrend. Top and Buttoms  - RSI may help in identifying the tops around the overbought readings (usually above 70), and the bottoms around the oversold area (usually below 30). Divergence  - divergence occurs when RSI directional movement is not c
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AO Signal Candle
Jonathan Destailleur
The  Awesome Oscillator  (AO)  Signal Candle Indicator  is an indicator used to measure market momentum.  Awesome Oscillator  (AO)  Signal Candle Indicator  will change bar's color when set overbought or oversold levels reach. Colored Candles, based on Awesome Oscillator (AO) Signal. -If the indicator is above zero, the market is bullish. -If the indicator is below zero, the market is bearish. -If the market is bullish, you can take a stand with green candle signals. -If the market is bearish,
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Sumeyye Emine Karakas
184
Sumeyye Emine Karakas 2024.07.20 14:04 
 

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