DJ Lines Indicator

Platform: MT4 Type: Market Levels

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Last update: December 5, 2024

The DJ Lines Indicator for MT4 takes price data from previous day in order to display pivots for the current day. This one in particular provides three bands, starting with the tightest: red, yellow and green. These bands act like support and resistance levels and best approach is to use them that in that way.

The abbreviation DJ stands for Dow Jones, a stock market index, and this gauge aims to emulate and apply certain characteristics of the index in currency trading.

Example chart:

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