WTR Dynamic Trend Ranges MT4 is a customizable range indicator that analyzes past price movements to generate projections for trading. Ideal for trend trading, it allows users to set starting prices, range percentages, and average days, while providing alerts for breakouts. Perfect for optimizing entry and exit points.
Advantages of WTR Dynamic Trend Ranges for MT4
1. Customizable Range Indicator
The WTR Dynamic Range Indicator is designed to be highly customizable, allowing traders to tailor it to their specific trading strategies. By adjusting the settings to account for the average upward and downward movements of the price over previous trading days, users can create a personalized trading tool that fits their style.
2. Versatile Usage
This indicator caters to various trading approaches, making it suitable for:
- Trend trading on level breakouts
- Identifying high-probability targets for take profits
- Setting multiple targets for position scaling out
3. Comprehensive Indicator Settings
Traders have the flexibility to define:
- Starting Price: Choose from different price types, such as day open, average, median, typical, or weighted prices to initiate plotting.
- Range Percentage: Define the percentage of the range to plot for both long and short sides.
- Days for Averaging: Customize the averaging period to align with longer-term strategies.
4. Visual Customization
The WTR Dynamic Range Indicator allows users to:
- Toggle labels on or off
- Show price levels or point ranges based on user preference
- Customize colors to match individual charting styles, accommodating both dark and light themes
5. Alert System
Never miss a trading signal with a powerful alert system designed to notify users of breakout levels, specifically in the direction of the trend. Traders can:
- Activate or deactivate comments, push notifications, platform alerts, and mail alerts.
- Select a preferred timeframe for confirming breakout candles.
- Set delays between alerts to manage notification frequency effectively.
6. Affordable Pricing
With a promotional price of only $50 (originally $250), the WTR Dynamic Trend Ranges is an excellent investment for traders looking to enhance their market analysis without breaking the bank.
7. Demo and Free Version Availability
To help you decide on the purchase, a demo or free version is available, allowing you to experience the functionality of the indicator (note: free version works exclusively on EURUSD).
8. Developed by Experts
The WTR Dynamic Trend Ranges Indicator is developed by www.automazionetrading.com, ensuring a reliable product backed by expertise in trading software development.
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