The Grid Builder 2Extreme4U technical indicator for Metatrader MT4 trading platform will automatically draw on the window of the price of the horizontal lines at the level of round figures (ending with 0.00 ...)
Contains
Grid Builder.mq4
Interpretation Signals And Rules Of trading
levels round numbers are strong psychological levels that can be used as a level of support
/ resistance or to set a price target
support levels and resistance levels are strong to:
. Expect the amplitude of the current price fluctuations
. Show areas where prices may stop or rebound
. Show the turning points of trend defining extreme overbought and oversold areas
- Buy signal
. The price key support level in an uptrend - Buy
. When a resistance level is broken upwards, it becomes a new support level
- sell signal
. The price touches a level of resistance in a bearish trend - Sell
. When a support level is broken down, it becomes a new resistance level
Stock Chart - Analysis Trading
Trade Example
Exchange
Currency Forex - cross EUR / USD
Time Frame: D1 Daily - Daily
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