SD DP Box Indicator MT4

SD DP Box Indicator MT4 is a price action indicator that draws box area on the chart. These boxs area are important support and resistance zones from which a price reaction is expected. The objective of this indicator if on the one hand it is to identify the turning points of the market, on the other is to also provide an immediate reaction to price action. So this indicator could also be useful for building a dynamic edging strategy.

Here, I show an example of application of this indicator with a neural network very simple based on the EMA (Exponential Moving Average) therefore very reactive to market changes.

Time Frame 15 min or higher.

Currency pairs: any.

MT 4 indicators:

SD SP Box

NMA

GEMA ((3 GEMA period 4)

Buy

When the price bounce on the box area and GEMA crosses upward NMA;

When the price breaks the box from the bottom and GEMA is above NMA.

Sell

When the price bounce on the box area and GEMA crosses downward NMA;

When the price breaks the box from the top and GEMA is below NMA.

With this indicator we always know how to behave is like a lighthouse that illuminates the way for sailors when they approach a port.

In the pictures an exampls of application of SD DP Box Indicator MT4

download Indicators and Template