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5 Minutes MM (5 Minutes MM) | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

author EAcpu | 5 reads | 0 comments |
This is a new development that I experimented with on 5-minute charts and works on all currency pairs. The tools required for this are as follows

murray math line
QQE reminds Zupingjian bull market indicator

Trading when candles are at critical levels The Murray Math Line and subsequent QQE alerts and bull indicators show significant strength of the movement

To enter a long or short trade: confirm the following

Candle placed at critical level
QQE Alert Bullish Indicators Show Significant Movement
HA color change

Murray Math details selected from the indicator:

Line 8/8 è 0/8 (ultimate support and final resistance).
// * These lines are the strongest support and resistance lines.
// ============================================================================================
//* Line 7/8 (weak, stop and reverse positions).
//* This line is weak. If the price suddenly rises too far and too fast and stops near this line
//* This means the price will reverse soon. If the price does not stop near this line, the price
//* Will continue moving to line 8/8.
// ============================================================================================
//* Line 1/8 (weak, stop and reverse positions).
//* This line is weak. If the price suddenly rises too far and too fast and stops near this line
//* This means the price will reverse soon. If the price does not stop near this line, the price
//* Will continue to move down to the 0/8 line.
// ============================================================================================
//* Line 2/8 and Line 6/8 (rotation, reverse)
//* These two lines only generate the 4/8 line to reverse the price trend.
// ============================================================================================
//* 5/8 line (top of trading range)
//* Price spends approximately 40% of its time moving between the 5/8 line and the 3/8 line.
//* If the price moves near the 5/8 line and stops near the line within 10 - 12 days, it means
//* It is necessary to sell in this "bonus zone" (which some people do), but if the price maintains the upward trend
//* 5/8 line, so this means the price will be above. But if the price falls below the 5/8 line, it means that the price will continue
//* Drop to next resistance level.
// ============================================================================================
//* Line 3/8 (bottom of trading range).
//* If the price is below this line and is in an uptrend, it means that it is difficult for the price to break above this level.
//* If the price breaks the line during an uptrend and remains above the line for 10 12 days, it means the price will be above the line
//* Move between this line and the 5/8 line 40% of the time.
// ============================================================================================
//* 4/8 lines (major support/resistance lines).
//* These are the main lines regarding support and resistance. This level is better for new sells or buys.
//* This is a strong support level for the price, located above 4/8. If the price is below the 4/8 line, it is a thin resistance line.
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