Technical Indicators for MetaTrader 5

Price Action Ratio MT5

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Information

Indicators
MetaTrader 5
5
Atila Ribeiro
29 February 2020
2.7
4 March 2020

Overview

The price action is a method of billable negotiation in the analysis of the basic movements of the price, to generate signals of entry and exit in trades and that stands out for its reliability and for not requiring the use of indicators. It is a form of technical analysis, since it ignores the fundamental factors of a security and looks primarily at the security's price history. What differentiates it from most forms of technical analysis is that its main focus is the relation of a security's current price to its past prices as opposed to values derived from that price history. This past history includes swing highs and swing lows, trend lines, and support and resistance levels.


Wave 1 - Beginning of the trend or confirmation of continuity.

Wave 2 - Correction of the trend.

Wave 3 - Continuation of the trend or correction.

Look for entries only in the support and resistance breaks. You can find profit targets in greater graphical time, in support and resistance.


Parameters

  • P - set period
  • LIMIT - maximum bars
  • ALERT/EMAIL/SOUND - enable alerts

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