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Now, this is not some “demand/supply zone ” indicator which many people are familiar with, it's way better. Simply the best dynamic support and resistance indicator for MT4. They don 't have the tools and knowledge I have to trade it. LINES and incredibly precise SUPPORT/RESISTANCE ZONES. cooperation with DonForex, I have to say (one of) the BEST MT4 INDICATOR is ready!. It is only temporary, but I don 't want more "Billy, please come back". I'm NOT glad that you are using my indicator .ģ0 03 2019 - please share don forex perfect zone with license. I'm glad that you are finding my indicator useful. For the best result we recommend using TrendyOrChoppy-Scanner indicator . The range of the support/resistance zones (in points) The 'weight' of the S/R. Tip - Use it in banknifty and Nifty with Range bound strategy I have mentioned above.Don Forex Perfect Zone Don Forex Perfect ZonПоиск don forex perfect zone. This script is unique because these are not drawn levels based on previous day unlike pivot or Fibonacci, current day open is important in this script. Take positions once the range in broken or reversal is happening from the level. When the stock seems to be little volatile both the levels applied act a good resistance.
![how to use donforex perfect zones how to use donforex perfect zones](https://s3.tradingview.com/0/0gtj9jXz_mid.png)
Then do a strangle of the strikes just outside the zone. Try to predict from price action whether the stock is going to be in a small range. Thanks to the author of the script.Īpply 10 days average and Fibonacci level zones in the chart Range bound movement
How to use donforex perfect zones code#
Provided adjustment levels to determine the range for Day/Week/Month.Īdded some code from one of my favorite indicator variable moving average. Outer levels - They are also same fibonacci levels which are very much respected by all the stocks and indices. This is also a simple level where fibonnaci ratio is used to determine the levels from today's open. So on average this levels works 8/10 times which is very bigger in stock market.įibonnaci levels zones - This zone is derived from Thomas de-mark book. Logic is - since the script has stayed within the range for past 10 days it remains to stay in the same levels even today. This is a very powerful resistance and support line.Īverage 10 days levels - These are just calculated based on average 10 previous days. I feel this is one of the underrated line. Open line - Line drawn based on the open of the candle.
![how to use donforex perfect zones how to use donforex perfect zones](https://cdn.shopify.com/s/files/1/0008/3515/8076/files/perfectzones.-home.jpg)
This script can be used only on the current day/week/month and can't be used to predict the next sessions movement as this script uses current open price. This script provides few levels which are not just leading but also perfect.
![how to use donforex perfect zones how to use donforex perfect zones](https://donforex.com/images/tools_images/donforex_superfractals_s.png)
I always prefer to choose a leading which can help me determine my trades future hand. There are 2 types of indicators in the market. As the name says this script will be perfect.