39 USD

Rent for MT4:

Current version:

Published:

Updated:

2.1

22/08/2021

18/11/2023

39 USD

Rent for MT5:

Current version:

Published:

Updated:

2.1

22/08/2021

18/11/2023

METATRADER

Entry Orders Pro

A supply and demand indicator designed with a minimalist trading strategy based on the nature of the market. Indicator type: Price Action indicator

The Bull zone is a strong support area, and the Bear zone is a strong resistance area. When a Bull zone was breakout, it becomes the "base" of the Bears and vice versa. When the price meets these areas, there is a high probability that the price will reversal, so we call them Obstacles.

  • It is a suitable indicator for traders interested in manual price action and algorithmic trading upgrades, from scalping to swing trading.
  • The principle of reading market structure: the closer the price pattern is to the current moment, the more influence it will have on the next price move.
  • So the preferred direction of this indicator is to identify a Bull & Bear zone close enough to the current price (Not too far away so that every point on the chart can be a supply and demand zone).

Why is this indicator different?

1. Draw personalized strong Obstacles: The indicator uses a complex algorithm, novel but with simple parameters, you can create powerful Obstacles (potentially causing high price reversals) that suitable fit your strategy.
2. Non-repainting and drawing in minimalist style: Only the near Obstacle is displayed; the remaining are hidden under the arrows which can be called out anytime.
3. Multi-timeframe indicator: Use the timeframe input to draw an Obstacle on the other timeframe.
4. The Graphical user interface is designed for all Obstacles to help approach the more vital Obstacle as a goal.
    • Level of Obstacles: Identify the Obstacle's strength by visual numbers. The higher the level value, the more price has reacted in the past, and the higher it reacts.
    • Padlock: Locks a targeted Obstacle to track it on every timeframe and selectively triggers alerts on that.
5. Dashboard showing Bull and Bear price action strategy. (New feature)
  • Brief Description: It is a strategy of waiting for the price to be in a pullback for a price reversal at the nearest Obstacle area in the current trend.
  • Three core parameters are monitored on Dashboard: Faction, Potential position, and Entry signal.
  • The Entry signal represents the exhaustion of the opponent side and the dominance of our side, observed based on the price momentums.

Note:

  • If you have problems installing the product, please get in touch with me via the chat in mql5.
  • This indicator will be continuously updated and improved, have a good trading.
Setting Obstacle
Variable Value Description
TimeFrames current Indicates the time frame currently being analyzed.
Momentums 500 Defines the threshold in points at which a momentum wave could indicate price reversal.
Distance 150 Specifies the maximum distance between two obstacles to consider them as a combined level.
Starting bar 50 Sets the starting bar position for obstacle analysis.
Max Obstacle 1 Limits the maximum number of obstacles displayed to simplify chart view.
Max Peak 2 Sets the maximum number of peak points considered in obstacle analysis.
Max Bottom 2 Defines the maximum number of bottom points to be used in obstacle analysis.
General Para
Variable Value Description
Color Light Mode Sets the color scheme to light mode for better visibility.
MT5 alerts true Enables alerts specific to MT5 trading platform.
Push alerts true Activates push notifications for obstacle updates.
Email alerts false Disables email alerts for obstacle analysis updates.
Only show locked Obstacle false Shows all obstacles, not just locked ones, for a comprehensive view.

1. What is the Bull & Bear Zone Indicator?

The Bull & Bear Zone Indicator is a price action-based tool designed to identify strong support (Bull zone) and resistance (Bear zone) areas in the market. These zones indicate areas where price reversals are likely to occur when met, helping traders to identify potential turning points in price action.

2. What makes this indicator different from others?

Unlike other indicators, this tool uses a complex algorithm to draw personalized Obstacles (strong support/resistance zones) that are tailored to your trading strategy. It’s non-repainting, minimalist in design, and includes a simple, intuitive graphical user interface, making it suitable for various types of trading strategies, from scalping to swing trading.

3. How does the new Dashboard feature work?

The new Dashboard feature tracks three key parameters: Faction, Potential Position, and Entry Signal. These parameters provide traders with insights into the current market momentum, indicating whether the price is likely to reverse or continue its current trend. The Dashboard makes it easier to monitor and act upon these signals in real-time.

INDICATOR

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