Range Trader is an indicator that constantly measures the volatility of the instrument traded. In turn, this then creates dynamic support and resistance levels based on current market conditions. It will then measure potential volatility spikes in the market and notify the trader of potential reverses and subsequently potential trading setups.Buy now
Professional Range Tool
Range Trader will first calculate the market’s overall direction using MTF (Multiple Time Frame Analysis). In the second step, Range Trader will measure the volatility of the current time frame and plot dynamic support and resistance zones accordingly. These zones update with every candle that is closed, meaning the current measurements are always up to date with what is happening in the market. The third phase of the indicator identifies potential market extremities that breach the dynamic support and resistance levels to potentially predict turning points in the market. Range Trader will plot arrows for potential entries based on the findings of the prior phase and predict not only the entry but will notify traders of the exit when it hits the average price level based on the volatility readings.
Overall, Range Trader can be very useful in range-bound market conditions and is favoured across GBP/USD, AUD/NZD & EUR/CHF by some of the current users. It is compatible with all currency pairs, commodities and indices on both MT4 & MT5.Buy Now
Why Choose Range Trader?
- Used often on 5,15m & 60min Time Frames
- Notifies Trader of Potential Entries and exit
- Colour Coded Entries For Buy and Sell
- Identifies Potential Market Spikes
- Measure Market Volatility
- Utilises Multiple Time Frame Analysis
- Assists in Predicting Market Turn Points
- Trades FX, Stock Indices and Gold
- Notifies Traders of Market Spikes
- Available on MT4 & MT5
Buy our Range Trader
All trading involves risk to capital. Our algorithms may not be suitable for you. Please ensure you understand the risks involved. If you are unsure, please seek advice from a regulated independent financial advisor.