Madlen_5_0 Indicator For MT4
The Madlen_5_0 Indicator For MT4 is an indicator that is built for the Meta Trader charting and trading platform. The Madlen_5_0 Indicator For Meta Trader 4 Charting Platform is built for the traders who the charting platform for all of their day-to-day technical analysis on their chosen currency pairs and trading assets and for traders who use the charting platform to actively make trading decisions during the trading day.
The Madlen_5_0 Indicator For Meta Trader 4 Charting Platform is also suited to all of the traders who use the charting platform for all of their charting of all of the timeframes that make up the currency pairs and trading assets that the trader has chosen during the trading day. The Madlen_5_0 Indicator For Meta Trader 4 Charting Platform is built based on the Fibonacci principles and Fibonacci tool that measures the highs, lows and price retracements.
Traders who use the Madlen_5_0 Indicator For Meta Trader 4 Charting Platform would find it very easy to measure price moves and also to identify retracements as well as price reversals based on the retracement ending and the exact points where these retracements might end during the trading day. Traders who use the indicator would also be able to derive other trading advantages as well as insights from using the indicator and some of these insights are outlined and extensively discussed as follows.
Some of the Major Advantages and Disadvantages of using the Madlen_5_0 Indicator For Meta Trader 4 Charting Platform
One of the first major advantages of using the Madlen_5_0 Indicator For Meta Trader 4 Charting Platform worthy of mention to the trader is that he or she would be able to identify the exact points where the price is likely to retrace to based on the Fibonacci ratios.
This means that the traders who have the Madlen_5_0 Indicator For Meta Trader 4 Charting Platform attached to his or her trading chart would be able to identify exactly what the Fibonacci rations in the price are especially as applicable to a particular move. This would then help the trader to identify the exact position where such a price move is likely to begin again after a retracement or price pullback happens.
In the price, there are trends that either move upwards or downwards. The trends are then made up of waves that are either moving in the same direction as the trend or in the opposite direction to the trend. These waves that are moving in the opposite direction to the direction of the trend are known as the retracement waves and these retracement waves can be mapped using the Fibonacci ratios.
These Fibonacci ratios which are also used by the Madlen_5_0 Indicator For Meta Trader 4 Charting Platform to map the retracement moves are then used to determine exactly where the price move should ideally end as well as the exact point where it eventually reverses.
Being able to identify these reversal points exactly and immediately they occur in the price is very important because it can help the trader to make trading decisions that would allow him or her to be profitable based on such reversal points in the price. This will give the trader the ability to know the exact direction that the price is headed even before it starts to move in this direction and also to take advantage of the new price direction by entering trades that are aligned in this new price direction.
Such trading opportunities often have the best odds of success in the price as they are based on the price reversing back to the initial direction of the original impulse in the market. This would then help the trader to be able to make profits at the end of the week or month from his or her trading.
Another advantage of using the Madlen_5_0 Indicator For Meta Trader 4 Charting Platform is that it can help the trader to automatically know what the measure of a price move is as soon as the price finishes developing in the market. This means that the Madlen_5_0 Indicator For Meta Trader 4 Charting Platform can help the trader by automatically measuring the length of any move that happens in the price as it tries to measure what the Fibonacci ratios off those price movements are.
If the indicator is to get accurate readings, it would also have to initially get an accurate measurement of the price move during the trading day. Hence the trader can then use the measured price moves to project a profit target for the next price wave based on the ABCD price pattern in the markets. This ABCD price pattern is first a logic that tries to see out a relationship between the individual waves that make up a trend in the market.
The logic then goes further to state that the size of the initial wave can be marked with points A for where it began and point B for where it ended. After a price retracement has actively taken place, the size of the ensuing move is often the same as the size of the initial move and if this next wave is marked as C for where it begins and D for where it ends, there exists a relationship between such price moves.
The relationship that exists between both of these price moves is measured by AB=CD. This means and can easily be interpreted by saying that the size of the initial move in the price is often equal to or more than the size of the next move in that same direction. When the trader learns this relationship, he or she can then use this acquired insight to seek out those opportunities that the trader can determine to be profitable.
The trader must then apply this idea to such opportunities in order to get good trade setups that can easily make the trader money during the trading day as he or she takes trades in the market. The trader must then ensure that he or she uses this trading advantage consistently as he grows his trading account.