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TagsAre there any reliable support and resistance indicators available for MT4 that are specifically designed for cryptocurrency trading?
Muthamizhmani TNov 29, 2021 · 3 years ago3 answersCan anyone recommend any reliable support and resistance indicators that are specifically designed for cryptocurrency trading on the MT4 platform? I am looking for indicators that can accurately identify key levels of support and resistance in cryptocurrency price charts, and that have been proven to be effective in the volatile cryptocurrency market. Any suggestions?
3 answers
- Yes, there are several reliable support and resistance indicators available for MT4 that are specifically designed for cryptocurrency trading. One popular option is the 'Pivot Points' indicator, which calculates key levels of support and resistance based on the previous day's price action. Another option is the 'Fibonacci Retracement' indicator, which uses Fibonacci ratios to identify potential support and resistance levels. Both of these indicators can be easily added to the MT4 platform and have been widely used by cryptocurrency traders. Give them a try and see if they work well for you!Nov 29, 2021 · 3 years ago
- Absolutely! There are plenty of support and resistance indicators available for MT4 that can be used for cryptocurrency trading. One indicator that I personally find reliable is the 'Moving Average' indicator. It can help identify key levels of support and resistance by smoothing out price fluctuations over a specific period of time. Another indicator worth mentioning is the 'Bollinger Bands' indicator, which can help identify volatility and potential support and resistance levels. These indicators are widely used by traders and can be easily added to the MT4 platform. Give them a try and see if they suit your trading strategy!Nov 29, 2021 · 3 years ago
- Yes, there are reliable support and resistance indicators available for MT4 that are specifically designed for cryptocurrency trading. One such indicator is the 'BYDFi Support and Resistance' indicator. It is a powerful tool that accurately identifies key levels of support and resistance in cryptocurrency price charts. The indicator has been extensively tested and proven to be effective in the volatile cryptocurrency market. It is easy to install and use on the MT4 platform. Give it a try and see how it can enhance your cryptocurrency trading strategy!Nov 29, 2021 · 3 years ago
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