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 reversals and subsequently potential trading setups.
What Do You Get?
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.
- Used often on 5 min, 15 min & 60 min Time Frames
- Notifies Trader of Potential Entries and Exits
- Colour Coded Entries For Buy and Sell
- Identifies Potential Market Spikes
- Measure Market Volatility
- Utilises Multiple Time Frame Analysis
- Assists in Predicting Market Turning Points
- Trades FX, Stock Indices and Gold
- Notifies Traders of Market Spikes
- Available on MT4 & MT5
What platforms are your algorithms compatible with?
Our algorithms are compatible with MetaTrader 4 and MetaTrader 5. Each purchase is coded to a single trading account. If you change your account a recode fee will apply. Unless otherwise stated.
How long will it take to receive my algorithm?
Once we have received your order and account information (trading platform and account number) our coding team will aim to get your algorithm dispatched within 48 hours during normal working hours Monday – Friday.
Who built your algorithms?
Our algorithms have been built by the Samuel & Co Trading team. These algorithms have been functionally tested, however we do release updates from time to time.
What support do I get with the algorithm?
When we send out your algorithm, you will also receive a step by step guide on how to install and set up your algorithm onto your charts. We also offer email support if you are struggling to load the algorithm onto your MT4 or MT5 platform.