Bounce Zone MT5
- Indicadores
- Nguyen Thanh Cong
- Versão: 1.0
The Bounce Zone indicator is a cutting-edge non-repainting technical tool built to identify key areas on the price chart where market sentiment is likely to cause a significant price reversal. Using advanced algorithms and historical price data analysis, this indicator pinpoints potential bounce zones. Combined with other entry signal, this indicator can help forex traders place the best trades possible
Signal
A possible sell signal is generated when price is in the red zone and moving average is trending down or market is ranging
It's not a miracle indicator, but with its default settings, it's not bad at finding consolidation, breakout and reversal points (unlike more traditional indicators that detect supports and resistances, some of which are cumbersome to calculate and display over several time horizons). Personally, I use it for trend-following combined with divergences, and find its most appropriate use is for time units between 15 min and 4 h. Good work.