The Dynamic Balance Point with Support and Resistance indicator for Metatrader 5 creates buy and sell signals line based on support and resistance.
The indicator is multi-timeframe analysis enabled by default and can be used as a standalone trading strategy.
It appears as a dual-colored line in the main price chart window.
The indicator uses two colors to determine the buying and selling state:
- A blue colored signal line marks an uptrend.
- A brown colored signal line marks a downtrend.
Please make yourself familiar with this technical indicator and test it first on a demo account for an extended period.
It helps to build confidence in using the indicator’s trading signals.
The indicator supports all possible time frames and trading instruments supported by the MT5 trading platform.
Configurable parameters and input settings: dynamic balance point period, dynamic balance point time frame, colors, line style.
Free Download
Dynamic balance point – support and resistance.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Dynamic Balance Point with Support and Resistance indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Dynamic Balance Point With Support And Resistance Indicator?
Find a simple trading example below:
Buy Signal
- The start of the blue colored line is a buy trade entry.
- Execute a buy trade and add a stop loss below the most recent swing low level.
- Exit the buy trade for a fixed take profit or wait for the brown colored signal line.
Sell Signal
- The start of the brown colored line is a sell trade entry.
- Execute a sell trade and add a stop loss above the most recent swing high level.
- Exit the sell trade for a fixed take profit or wait for the blue colored signal line.
Download Now
Dynamic balance point – support and resistance.mq5 Indicator (MT5)
