DMI MONDAY ZONES v2.1 | Indicator for cTrader

Sales

Description

Marks Monday's OPEN,HIGH & LOW. These are areas of support and resistance for the week. You can look for continuation or reversal patterns (eg. Hammer, Engulfing, 3 Bar, Inside Bar etc.) Monday opening price. Monday High, Monday Low. Support and Resistance.

Summary

AI summary

DMI MONDAY ZONES v2.1 is a trading indicator that identifies Monday’s opening price, high, and low levels. These price points serve as key support and resistance zones for the week. Traders can use the indicator to observe potential continuation or reversal patterns, such as Hammer, Engulfing, 3 Bar, and Inside Bar formations, around these Monday price levels. The indicator helps highlight important weekly market areas to assist in technical analysis and decision-making.

Indicator profile

Customer reviews

5.0

Reviews: 5

5		100 %
4		0 %
3		0 %
2		0 %
1		0 %

Customer reviews

HFTWarrior23

December 31, 2024

It helped mostly by making bad ideas easier to skip, and it can add noise if overused.

RiskManagerPro

December 29, 2024

Would not throw it on live right away, but the idea is usable. Manual review still matters.

OrderFlowGuru

December 23, 2024

Pretty fine as one more layer, especially in range days. One green trade proves nothing.

VolatilityBotX

December 19, 2024

PairTraderElite

December 18, 2024

tested small first and that felt like the right move.

Discussion

FAQ

Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

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