Don’t miss the winning entry point for the Nikkei 225! (5/30)
FX, Binary Options, and Nikkei 225 Compatible!
A Superior Indicator for MetaTrader (MT4) Has Arrived!
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(Japan225)
★A clear entry on break above/below the turning line! (Click the image to enlarge)
In an uptrend, a moving average of a fixed width effectively serves as a support line during pullbacks.Support line is effective.
Similarly, in a downtrend, a moving average of a fixed width serves as a resistance line during rallies.Resistance line is effective.
In short, in an uptrend, a breakthrough of the support line begins a drop, and in a downtrend, breaking the resistance line begins an ascent.
In other words,Support line / Resistance line = Turning lineplay a crucial role as turning lines.
This concept also applies to indicators.
In the Tenka Tenkai Chart (Reiwa Version), not only moving averages but also the indicator curve bands clearly display lines that serve as support/resistance = turning lines.
【Tenka Tenkai Chart (Reiwa Version)】
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