RMA Indicator for MT4 - dynamic S/R levels are here
The RMA indicator is another in a series of indicators whose purpose is not to predict the current trend direction, but to provide traders with information about nearby S/R levels, which they can then trade.
The uniqueness of the RMA indicator lies in the fact that as the price changes over time, the indicator adjusts the current location of the nearby S/R level completely automatically and without any intervention.
- Dynamic S/R indicator
- User difficulty: Easy
- Usability: Forex, Stocks, Gold, Oil
- MetaTrader 4 Compatibility.
- Free indicator updates
Trading with the indicator
Entry signals are considered to be when the current price crosses the dotted line. After this occurs, it is possible to start entering in the direction of the breakout.
In the chart below, you can see how the price went through the dotted line, which was considered, as mentioned above, as a long entry signal.
Download the RMA from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.