Percentage Levels MT4
- Indicators
- Alexandre Borela
- Version: 1.3
- Updated: 24 January 2022
If you like this project, leave a 5 star review.
Follow on instagram: borelatech
As institutionals trade large volumes, it is not uncommon for them to try to
defend their position at specific percentage levels.
These levels will serve as a natural support and resistance which you can use
either to enter a trade or be aware of possible dangers against your position.
An example of a common used percentages are 0.25% and 0.50% on EURUSD for the
week, you can see this example on the screenshots.
With this indicator you will be able to draw the percentage variation for the:
- Day.
- Week.
- Month.
- Quarter.
- Year.
These percentage levels are supposedly psychological levels on price; well-thought-out description.