Market Meeter
- Indicators
- Hapu Arachchilage Tharindu Lakmal
- Version: 1.0
- Activations: 5
Market Meter is designed for explore various trends in current trading symbol.
with Market Meter you can get a clear idea about the trends runningon different time framesof current symbol. This indicator uses separate window to display its data.
Every time when a new trend occurred, Indicator shows it with displaying an arrow on related text area. It's very important to identify the trends of higher time frames when you trading lower time frames. Let the Market Meter to do the work for you. you can customize the colors for text objects in indicator window as you want. Also this indicator notify you that should you hold your trade or close it. This Indicator also gives BUY and SELL signals for the time frame you trading.
You can get an idea about how to use the indicator by looking the screenshots.
Features
- Works in all timeframes.
- Provides BUY / SELL signals.
- Notifying that should hold on the trade or close it.
- Fully customizable.
- Shows Volume histogram for the last 30 candles.
- Shows how many sellers and buyers are in the market at moment.
- Predicts how long the current trend will play.
- Works 24*7 weekdays.
- Shows when trend changing to opposite by drawing arrow on chart.
- Alert Feature available for entry signal.
How to use
you can use as confirmation indicator to open trades depending on entry signal that indicator provides. always be careful to stay with the trend. do not take the opposite side of the next timeframe's trend. as an example if 1H or 30 min trend is upwards and 5 min or 1 min rend is downwards, don't take sell trades on 5 min or 1 min.
Additional fact
you can join our telegram group for free by clicking the link in indicators about section.