22.03.2018
Futures trading for beginners
Spots - Indicator for MetaTrader 4
TypeIndicators
PlatformMT4
Version10
Date created 5 May 2014
Date updated19 August 2017
Formatmq4
Size3.7Kb
Downloads214
Rating
This indicator breaks the chart into so-called "round" levels (ending with "00"). These levels often act as support and resistance for a financial instrument. This is explained by the fact that traders place orders for buying/selling at round prices. Therefore, the place of accumulation of the largest number of orders is often the points of the price reversal.
However, it is not recommended to use SweetSpots as a self-tool. It is more useful when applied as a filter or addition to a trading strategy.
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