Description:
If you're looking to sharpen your trading strategy, the Target Indicator for MetaTrader 4 is a game-changer. This tool utilizes simple moving averages—specifically the 20, 50, 100, and 200-period averages—to help you pinpoint the next target areas the price may hit.
Here's how it works: If the price breaks through the 20-period moving average, the next target to watch is the 50-period. If it breaks the 50, keep an eye on the 100, and if that gets taken out, your next level to monitor is the 200-period moving average. This sequential targeting can give you a clearer picture of potential price movements.
One thing to note is that this indicator is not bundled with moving averages itself; rather, it simply highlights the target levels for you. Plus, it’s available in both English and Indonesian, making it accessible for a broader range of traders.
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