Technical Indicators for MetaTrader 5

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MetaTrader 5

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Resistances Supports and Direction

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100 $75 $

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Information

Indicators
MetaTrader 5
Alberto Caselli
1.1
10

Overview

          MEASURES THE STRENGTH OF RESISTANCES AND SUPPORTS

         The RSD indicator - Resistance, Supports and Direction - is the expert trader's operational tool.
         It is the indicator that really makes a difference.



  •     is an indispensable indicator for any type of trading
  •     works perfectly on any time frame
  •     receives as input the number of candles for which to calculate resistances and supports
  •     draws the resistances and supports: the closer and thicker the lines are, the stronger the resistances and supports are
  •     draws the "middle" line as the average price line between the highest resistance and the lowest support, indicating the center of gravity of the market for the calculated period
  •     also receives as input the number of candles for which to calculate Market Sentiment and then draws a green up arrow to indicate winning bullish pressure and a red down arrow to indicate winning bearish pressure
  •      shows in a label at the bottom right of the chart the percentage of bullish pressure and the percentage of bearish pressure for the chosen number of candles (Sentiment).
    The RSD - Resistance Supports and Direction indicator, used by experienced traders, is the indicator that really makes a difference.



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