Mogalef bands – indicator MetaTrader 5

Mogalef bands - indicator for MetaTrader 5
Description: The technical indicator Mogalef Bands projects to the future the high, median and low levels of the most possible range by taking into account the market environment. This indicator can be applied straight away to any future, stock, index or currency you may be working in. Technical description: The indicator checks the values of … Read more

Mogalef – indicator MetaTrader 5

Mogalef - indicator for MetaTrader 5
Mogalef Bands developed by Eric Lefort consist of three lines: central (theoretical middle of the trading corridor, i.e. weighted average price level, lower (the same, but at the lowest prices), and the upper line (built by the maximum prices). Thus, a trading corridor is formed. The author believes that in most cases, the price tends … Read more