Bull and Bear Zone MT4 外汇EA

A supply and demand indicator designed with a minimalist trading strategy based on the nature of the market.

The Bull zone is a strong support area, and the Bear zone is a strong resistance area. When a Bull zone was breakout, it becomes the “base” of the Bears and vice versa. When the price meets these areas, there is a high probability that the price will turn around, so we call them Obstacles.

• It is a suitable indicator for traders interested in manual price action and algorithmic trading upgrades, from scalping to swing trading.
• The principle of reading market structure: the closer the price pattern is to the current moment, the more influence it will have on the next price move.
• So the preferred direction of this indicator is to identify a Bull & Bear zone close enough to the current price (Not too far away so that every point on the chart can be a supply and demand zone).

See more: Price action indicator series | MT5 version | FAQ | Minimalist Price Action Strategy | Subscribe

Why is this indicator different?

1. Draw personalized strong Obstacles: The indicator uses a complex algorithm, novel but with simple parameters, you can create powerful Obstacles (potentially causing high price reversals) that still suitable fit your strategy.
2. Non-repainting and drawing Obstacles in minimalist style: Only the near Obstacle is displayed (read again at “The principle of reading market structure”); the remaining Obstacles are hidden under the arrows and can be called out anytime
3. Multi-timeframe indicator: Use the timeframe input to draw an Obstacle on the other timeframe.
4. The Graphical user interface is designed for all Obstacle to help approach the more vital Obstacle as a goal.

• Level of Obstacles: Identify the Obstacle’s strength by visual numbers. The higher the level value, the more price has reacted in the past, and the higher it reacts.
• Padlock: Locks a targeted Obstacle to track it on every timeframe and selectively triggers alerts on that. (Avoid interference and overloading your phone)

Note:

• If you have problems installing the product, please get in touch with me via the chat in mql5.
• This indicator will be continuously updated and improved, have a good trading.