Technical Indicators for MetaTrader 5

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MetaTrader 5

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Information

Indicators
MetaTrader 5
Vitalii Aseev
1.1
5

Overview

The indicator Bottom Touch determines the bottom in the market, from which a rebound or a global reversal may start with a high probability. 

Works best on more volatile markets and H1, H4, D1 timeframes.

Does not work on timeframes above W1.


Consists of two lines Green and Gray.

  • Bounces from the Gray line occur less frequently, but have the highest probability of a bounce or even a market reversal.
  • Bounces off the Green line are more frequent, but less likely to bounce.

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