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LT Automated Support Resistance Screener
Overview
The LT Automated Screener stands out in the realm of Forex Trading tools for its unique and practical features. As a free Forex Indicator, it provides a comprehensive analysis of the Forex Market and offers efficient support and resistance values for traders.
Understanding the LT Automated Screener
The LT Automated Screener is a level indicator, specifically a support resistance indicator. This tool is primarily used to ascertain the level of support and resistance values in the Forex Market. One of the key aspects that set this Forex support resistance indicator apart is that it is not only free but also compatible with the Metatrader 4 platform, which is built using the MQL4 programming language.
Wide Application Across Markets
This Forex Support Resistance Indicator is not limited to Forex Trading alone. It is versatile and can be employed for various markets like indices, gold, and more. Furthermore, it is adaptable to all time frames, making it a versatile trading tool.
Benefits for Both Newbie and Professional Traders
The LT Automated Screener is not merely limited to experienced traders. Both newbie traders and professional traders can utilize this Forex Support Resistance Indicator to their advantage. It simplifies the process of trading by providing clear and precise support and resistance values, leading to informed decision-making.
Key Features of LT Automated Screener
The setting input of the LT Automated Screener includes Max History Bars, Bars Before Fractal, Bars After Fractal, and the Divisor value. The divisor value is particularly noteworthy as it divides the range of each buffer. For instance, if the indicator uses a divisor value of 100, then there are 4 divisions in each buffer.
FAQs
Is the LT Automated Screener free?
Yes, the LT Automated Screener is a free Forex Support Resistance Indicator.
Can the LT Automated Screener be used for markets other than Forex?
Yes, the LT Automated Screener is adaptable and can be used for various markets like indices, gold, and more.
Is the LT Automated Screener suitable for newbie traders?
Yes, both newbie traders and professional traders can utilize the LT Automated Screener effectively.
Independent testing of the LT Automated Screener is available on the forexroboteasy.com website, where users can also subscribe to updates on the results of the product’s testing. We encourage readers to share their experiences of using this product in the comments below. Please note that this is an independent product review and does not endorse or promote the product.
forexroboteasy.com
1 review
The first thing that struck me about the LT Automated Support Resistance Screener was its user-friendly interface. It's straightforward and intuitive, making it easy for even a novice trader to navigate. The software provides a clear visual representation of support and resistance levels, which are essential in forex trading. It's like having a personal trading assistant that helps you identify potential entry and exit points. One of the standout features of this software is its automation. It saves me a significant amount of time by automatically identifying key support and resistance levels. This means I can focus more on strategizing and less on data analysis. The software's ability to screen multiple currency pairs simultaneously is another feature that I find incredibly useful. It allows me to monitor different markets at the same time, increasing my chances of spotting profitable trading opportunities. The LT Automated Support Resistance Screener is not just about identifying support and resistance levels; it also provides valuable insights into market trends. It helps me understand the direction of the market, whether it's bullish or bearish. This information is crucial in helping me decide whether to buy or sell. In terms of accuracy, I've found the software to be quite reliable. It has helped me make profitable trades by providing accurate support and resistance levels. Of course, like any other tool, it's not infallible, and it's important to use it in conjunction with other trading strategies and tools. But overall, it has significantly improved my trading efficiency. In conclusion, the LT Automated Support Resistance Screener is a valuable tool for any forex trader. It's user-friendly, accurate, and provides valuable market insights. It has become an indispensable part of my trading toolkit, and I would highly recommend it to other traders. It's a fair indicator of market trends and a reliable assistant in making informed trading decisions.