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Multi Range Calculator EA for Precise Forex Trading Analysis
Enhance your trading strategies with the "multi range calculator.ex4" Forex Indicator EA. This expert advisor provides comprehensive analysis, aiding traders in making informed decisions. Unlock the potential of precise market insights and optimize your trading experience. Download the multi range calculator.ex4 now to elevate your Forex trading journey.
multi range calculator.ex4 39.24 kb, 28 downloads since 2015-04-30
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The Multi Range Calculator for MT4 is an informational and trend indicator.
It is offering valuable insights into the movements of financial instruments. It's a tool designed to enhance technical analysis by providing detailed range calculations and suggested stop loss zones.
Key Features of the Multi Range Calculator Indicator:
Range Analysis: It calculates and displays the 1-day, 5-day, 10-day, 20-day, and daily ranges for any financial asset, offering a comprehensive view of its recent price movements.
Stop Loss Recommendations: The indicator suggests potential stop loss zones for both buy and sell positions, marked by red and green horizontal lines, respectively.
Separate Display Window: The calculated price ranges are displayed in a separate window below the main chart, making the data easy to read and interpret.
Auxiliary Tool for Decision Making: While it’s not a standalone tool for making buy or sell decisions, it provides valuable insights that can support and enhance other technical analyses.
Customizable Settings:
Multi-range Magic Number: A unique identifier for each set of range calculations.
Time Frame: Allows users to set the specific timeframe for trend analysis.
Risk-to-Reward Ratio: Calculates and displays the risk-to-reward ratio, a crucial aspect of trade management.
First/Second/Third Ave: Adjusts the display settings for the Average (Av) values.
Show Chart Levels: Enables or disables the display of various chart levels.
Show Levels Label: Allows users to turn on or off the labeling of identified levels.
Text Size: Adjusts the size of the text displayed by the indicator.
Text Font: Sets the font type for the displayed text.
Shift Hi_Lo Label: Adjusts the positioning of the high and low labels on the chart.
Shift Long_Short Labels: Modifies where the stop loss labels for long and short positions appear.
Shift Open Label: Changes the position of the ‘open-label’ on the chart.
Shift Av Labels: Alters the placement of the Average (Av) labels.
The Multi Range Calculator is a versatile and user-friendly tool for traders using the MT4 platform. Its ability to display a variety of range data and suggested stop loss zones makes it a valuable addition to the trader’s toolkit. This indicator can aid in making informed decisions by providing a clearer picture of market movements and potential risk levels.
multi range calculator.ex4 39.24 kb, 2 downloads since 2023-11-15
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