STOPD LEVELS MTF Indicator

The STOPD Levels MTF Multi Time frame indicator was built by experiences foreign exchange trader. You can download STOPD Levels MTF multi time frame indicator through this article. This indicator can define the current trend of the foreign exchange market and define strength opportunities in the trend direction of the trend. STOPD levels indicator also determine the levels of previous high and previous low. It uses simple channel indicator lines and give clearly of the strong levels for take open trading position.

Download STOPD Levels MTF indicator

For easy use and for easy understanding, you can use only three line indicators that available in this indicator. Set the indicator like this.

And your indicator will become like this. The upper line is the previous day high, the center line is the center level of the previous day, and the bottom line is the previous day low. If you want to look the previous week high or low you can change the setting into W, M for month and Y for year.

How to trade STOPD Levels MTF multi time frame indicator

When the market price break the upper line or break the previous day high we can assume the market price is in bullish trend and you can look for long trading position and when the market price break the bottom line or break the previous day low we can assume the market price is in bearish trend and you can look for short trading position.