The Dinapoli Targets Forex indicator for Metatrader 5 connects important support & resistance levels and it can be used for both trade entry and take profit.
At a glance, the indicator shows you where to enter trades, place stop losses and where you could take profits.
It appears in the form of an orange line that connects the support and resistance levels found on the main trading chart.
Dinapoli Targets (mt5) can work together with an existing trading strategy or system as an additional support/resistance indicator.
Free Download:
Download the “fastzz_2dinapolitargets.mq5” indicator
Indicator Example Chart (EUR/USD H1)
After you downloaded and installed the Dinapoli Targets indicator on the trading platform, it should look like the image as shown below.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy when trading with this support & resistance technical indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 5 (MT5)
Trading Instruments: Works for Forex, Stocks, Commodities, Equity Indices, Precious Metals, Energies and Shares
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Support/resistance + price targets
Does the indicator repaint? No.
Download Now:
Download the “fastzz_2dinapolitargets.mq5” indicator
How to install this indicator on Metatrader 5?
Open the Metatrader 5 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL5”
Now double click on “Indicators”
Paste the indicator in the Indicators folder.
Finally restart the MT5 platform and attach the indicator to any chart.
How to remove the indicator?
Right click with your mouse on the chart that you have the indicator attached to.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse on the chart that you have the indicator attached to.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.