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Rj_SlidingRange - Indicator for MetaTrader 4

Rj_SlidingRange
TypeIndicators PlatformMT4 Version10 Date created19 September 2015 Date updated19 August 2017
Formatmq4 Size2.5Kb Downloads86 Rating
3.91 of 5
based on 32 rates

The indicator resembles the Rj_RMA and Bollinger bands instruments and is calculated from the High/Low price. It is used as support and resistance lines and helps visually determine the best place for a buy/sell order depending on the market movement.

As soon as a trend change begins, you need to place pending orders on the extreme border or on the middle line of the indicator. The smaller the selected timeframe, the greater is the number of calculations of the indicator. For example, you can set the value of 5 on the M30 and so on.

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