Useful Indicator

Round Number Indicator :

This is another very simple, but extremely efficient system. The round numbers (example EUR/USD 1.2800, USD/JPY 99.00) are natural levels of support and resistance. A lot of orders are placed around these levels. During the last few years the importance of the round numbers increased because they are used for options barriers levels and are protected. That is why when the market approaches such levels the price movement is countered by these order flows and small retrenchment usually happens. You should study carefully the price action around the round numbers and improve the system.

Download Round Number From Here : Round Number Indicator

Different Session Of The Day Mt4 Indicator :

In order to avoid uncertainty about bearishness or bullishness of the market it is very useful to analyze separate sessions. These different periods of activity falls in to three main sessions during one day:

Asian session :- it is quite stretched period that includes: Wellington, Sydney, Shanghai, Singapore and Tokyo stock exchanges, but main activity occurs within working hours of Tokyo Stock Exchange – 00:00-06:00 GMT.

European session :- biggest mover of the day usually (it is also called as London session). Its the time when all European equity markets open and goes along with Middle Eastern, Russian and African markets (European equity markets working hours - from 7:00 till 15:30 GMT). Because of greatness of liquidity during the European working hours – speculators around the world join the army of market participants herewith creating additional activity.

American session :-(also called as New York session) shares two very volatile hours with London session. North American session starts at 13:30 GMT, ends at 20:00 GMT. In addition I should mention that Eastern time (EST time zone) H4 time frame candle starts at 9 am NY time (13:00 GMT) – that is 30 min prior equity markets opening. Usually whole hour prior NY equity markets opening is very volatile – often choppy and difficult to trade. Because many intraday traders from European session closing their positions before North American banks start their morning with non-speculative cash flows.

Overlap Time Zone Of Different Session:-  

• 23:00 – 06:00 GMT – Sydney and Tokyo Overlap.
• 07:00 – 08:00 GMT – Tokyo and London Overlap.
• 16:00 – 21:00 GMT – London and New York Overlap.

 Download Different Session Indicator For Mt4 : Session Indicator

Pivot points Mt4 Indicator :Pivot points are horizontal support and resistance lines placed on a price chart. The prices that they are placed at are calculated from the previous periods' price data. For example, daily pivot points use the data from the previous day. They are important because they are prices at which traders enter or exit the markets.

They make strong levels of support and resistance because many traders, as well as financial institutions and banks, use them Before computers and charts became a key tool that traders use so effectively, floor traders determined key buying and selling levels using calculations based on the data from the previous trading day. Pivot points are still extensively used today and they are very useful in determining entry and exit points.

Although any time period can be used to calculate them, daily and weekly pivot points are the most commonly used. Monthly pivot points are also common, although they are not used as much as daily or weekly.

Download Pivot points Mt4 Indicator From Here: Pivot Point Indicator

Multiple Time Frame Support And Resistance Mt4 Indicator :

A support level is a level where the price tends to find support as it falls. This means that the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue falling until meeting another support level.

A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. Again, this means that the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue rising until meeting another resistance level.

Download Multiple Time Frame Support And Resistance Mt4 Indicator : Here