Today (3/2)’s featured ironclad entry! (EURUSD)
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MetaTrader (MT4) Indicator
Today’s (3/2) Featured Ironclad Entry!
(EURUSD)
★Enter on a break above the turning line (Click image to enlarge)
Among many moving averages, in an uptrend there exists a line of a certain width that
functions effectively as asupport line (support) during pullbacks of a fixed widthline.
Also, in a downtrend,
it acts as aresistance line during pullbacksof a fixed width.
In other words, if price breaks below a support line in an uptrend, a downtrend begins,
and if price breaks above a resistance line in a downtrend, an uptrend begins.
That is to say,the support and resistance lines become turning lines.
This concept also applies to indicators.
In the Tenjou Chart (Reiwa version), the curves of indicators, not just moving averages, aredisplayed clearly as turning lines
Support lines and resistance lines = turning linesfunction clearly shown
【Tenjou Chart (Reiwa Version)】
【Even with just moving averages, this is amazing!!】