Nikkei average rises to its highest level since the bubble era! (May 29)
FX, Binary Options, and Nikkei 225 Compatible!
A superb indicator for MetaTrader (MT4) is now available!
Don't miss today's sure-entry point on 5/29!
（Japan225）
★Definite entries at breakouts of the upside and downside conversion lines! (Click the image to enlarge)
In an uptrend, a moving average of a fixed width will effectively serve as a support line on pullbacks. .
Similarly, in a downtrend, the moving average of a fixed width will effectively serve as resistance on rallies. Resistance line (resistance).
In short, in an uptrend, once you break the support line and the price begins to fall, and in a downtrend, once you surpass the resistance line and the price begins to rise.
In other words, Support/Resistance = Conversion Line is crucial.
This concept also applies to indicators.
In the Tentei Chart (Reiwa version), the lines that serve as support and resistance are clearly displayed not only for moving averages but also for the indicator’s curve bands, acting as conversion lines.
【Tentei Chart (Reiwa Version)】
Please check the product details from here.
