Lux Algo Liquidity Swings Indicator MT4: Unveiling Trading Opportunities
Unlock the power of precision with the Lux Algo Liquidity Swings Indicator MT4. Designed for MetaTrader 4 (MT4), this indicator identifies significant swing areas, providing insights into accumulation/distribution zones and potential support/resistance levels. Let’s dive into the details:
Key Features:
- Swing Area Highlighting:
- Detects swing areas with existing trading activity.
- Zones delimit swing areas based on the number of times price revisited them.
- Labels display accumulated volume within swing areas.
- Filtering Options:
- Filter out swing areas with low volume or counts below a user-set threshold.
- Focus on significant swing areas with higher liquidity.
- Swing Levels:
- Highlight broken swing levels (displayed as dashed lines).
- Broken swing highs signal bullish indications, while broken swing lows indicate bearish trends.
Recommended Settings:
- Currency Pair: Consider major pairs, especially EURUSD and USDJPY.
- Minimum Deposit: While the exact minimum deposit isn’t specified, start with at least $200 for effective trading.
- Timeframe: Optimal performance on the M15 timeframe.
How the Indicator Works:
- Swing Area Calculation:
- Choose between “Wick Extremity” (using high-to-close/open range) or “Full Range” (entire candle range) for swing area calculation.
- Intrabar precision allows more accurate volume calculations.
- Filtering Swing Areas:
- Filter by count (number of revisits) or volume (accumulated volume within the area).
Stay Updated:
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Additional Resources:
Instant Download: https://www.fxcracked.org/product/lux-algo-liquidity-swings-indicator-mt4/
Contact: https://t.me/yoforexrobot
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