I’m happy to announce that our newest indicator ‘Congestions’, is finally ready, and launched for Metatrader 4! This indicator is specialized in finding slow supply and demand patterns, that appear over a range of bars – these are the congestion bars.
Congestions Indicator
Based on the found congestion bars, after a market price confirmation, the indicator starts drawing a demand zone (for demand congestions), that extends into the future. These are zones where large traders are in control, since they represent the prices where they most recently bought the market heavily. Upon reaching these zones, price is expected to react by reversing quickly and/or show more demand, or if there is no significant reaction, a breakout can probably be traded.
Feel free to browse through the indicator’s page to find out more.
Full Package
We also released the ‘Full Package‘, which includes all the indicators in the website + templates with pre-configured alerts for each type of situation, and a guide on how to use this full package in trading.
Full Package in EURUSD H1
Try our Demo
These indicators are all available in the demo, so if you haven’t already, try them for free here!
Should you have any question, feel free to contact us.
Best regards,
Leonardo B.
On the previous week post about the Yen, we noticed that there was consistent buying in the hourly chart, and that a dip into the lower part of the range would give a long opportunity. This happened, and right in the next London session!
On trading ranges showing VSA buying signals, like we note on the trading guide, you can also wait for a breakout of the trading’s range high. If on the break, the volumes pick up, it’ll be a confirmation of accumulation. This is what happened in USDJPY, and since then, it has been on a long rally, until stopping on a long-term trendline.
Apart from the down trendline, the momentum of the uptrend is now fading, and there is significant supply showing up. This is inevitable on resistance areas, but still, if you’re holding a long in intraday, this is a good time to start reducing the position size, and wait for a trendline break to add into. Personally I’m holding a long daily trade, and waiting to see how the daily bar closes.
If the trendline is broken, it’ll be a long/adding signal. If supply keeps showing up on the hourly, and/or there are low volume rallies into the current selling bar, it’ll be a short signal.
