The indicator was developed by a former hedge fund employee, and it automatically detects high-probability trading opportunities in the range.
Remember: The Forex market is tied to a range at least 70% of the time. In addition, range trading has several clear advantages that make it safer and more predictable than other trading styles. Such as a lower level of volatility, as well as predefined areas for inputs and outputs.
The goal is to find non-trend pairs that move away from recent highs/lows. And this indicator uses two filters (RSI and ADX) to determine such opportunities.
- Simultaneously tracks all 28 pairs. Attach the indicator to just one chart and immediately track the entire market.
- Tracks all timeframes, from M1 to MN. It also sends you a real-time alert when a high-probability trade is found in the range.
- RSI Period: Parameter for the RSI filter
- RSI Up Level: The overbought level for the RSI filter.
- RSI Down Level: The oversold Level for the RSI filter.
- ADX Period: Parameter for the ADX filter
- ADX Level: Parameter for the ADX filter
- Symbols: By default, the indicator tracks the top 28 pairs, but you can specify a smaller number of pairs if you want.
- Use the M1 timeframe: True = Yes, False = No
- Use the M5 timeframe: True = Yes, False = No
- Use the M15 timeframe: True = Yes, False = No
- Use the M30 timeframe: True = Yes, False = No
- Use H1 timeframe: True = Yes, False = No
- Use H4 timeframe: True = Yes, False = No
- Use the D1 timeframe: True = Yes, False = No
- Use the W1 timeframe: True = Yes, False = No
- Use the MN timeframe: True = Yes, False = No
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For more detailed information, I recommend reading the screenshots below. If you have any questions, please contact us.
Be sure to check out our other indicators and our short videos. These videos contain a lot more information (including our trading guidelines).
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