Forex Smart Equilibrium areas MT4 Indicator

Forex Smart Equilibrium areas MT4 Indicator:

About the Forex Smart Equilibrium areas MT4 Indicator

Intraday indicator –> it means it works on lower TimeFrames , from 1minute to 4hours.

 

This indicator is able to calculate and draw 2 levels (1 support and 1 resistence) representing the Barycenter’s levels for a specific day session.

 

From the setting you can choose only one parameter, that’s the lenght of Barycenter’s orbit.

 

I personally attach the same indicator 2 times on the same chart, inputting as orbit:  0.15  and 0.30. Then what you will notice is that if the price goes above or under the levels, we will likley have a trend movement. On the other case, if the price will be inside the barycenter’s level then we likely have “a range day” and the price will bounce from one level to another.

Test results:

Forex Smart Equilibrium areas MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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