Today's (4/23) ironclad entry point! (BTCUSD)
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Metatrader (MT4) Indicator
Today's solid entry point (April 23)!
(BTCUSD)
★Entry on a break above/below the turning line (Click image to enlarge)
Among the many moving averages, in an uptrend,
there are certain lines thatfunction effectively as support lines on dips, a line of a certain width that serves as a supportline.
Also, in a downtrend,
there are lines thatact effectively as resistance on ralliesof a certain width.
In other words, if the price breaks below the support line in an uptrend, a downtrend begins, and
in a downtrend, if the price breaks above and isn’t bounced by the resistance line, an uptrend begins.
That is to say,the support and resistance lines become turning lines.
This concept also applies to indicators.
In the Ten-Stage Chart (Reiwa version),not only the moving averages
【Ten-Stage Chart (Reiwa Version)】
【Even with just moving averages, this is amazing!!】