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Zone Indicator
Support and resistance indicator.
The Zone indicator for MetaTrader is a forex trading tool that automatically plots levels of strong support or resistance on the chart. The indicator would come in handy for forex traders that rely on support and resistance strategies and the trend traders.
The Zone indicator does all the technical analysis and plots out zones that have a high probability of being respected by price. This gives you the advantage to quickly make informed trading projections and anticipate price reactions as it approaches such a zone.
The indicator would be beneficial to novice traders still trying to get a grasp on how to draw relevant pivotal levels. The pro traders are not left out either: the indicator takes away the hassle of having to draw such a support or resistance level daily.
This MT4 indicator can be conveniently incorporated into scalping, day/intraday, and swing trading. It also works on all the time frames. But is recommended to be used on the higher time frames for more accuracy.
Zone Indicator BUY/SELL Signals
To start with, the Zone indicator for MT4 can be used as a stand-alone indicator to trade the forex market. But can be more powerful when used as a confluence with price action for trade entries and exits.
Save time withd software.
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