ACD Indicator for MetaTrader 5 Download - Free
The ACD indicator is a technical analysis tool in MetaTrader 5 developed by Mark Fisher and can also be used as a trading strategy. This tool is highly suitable for detecting daily price trends.
The ACD indicator is a technical analysis tool in MetaTrader 5 developed by Mark Fisher and can also be used as a trading strategy. This tool is highly suitable for detecting daily price trends.
The way this indicator works is by defining theOpening Range in the 1-hour timeframe before the opening of major markets (Tokyo, London, New York) and then displaying the levels (A up – A down) and (C up – C down) on the chart.
Overview
The ACD indicator is calculated based on the range area before the opening of the main markets (Asia – Europe – America) and predicts the possible trend of each session with the breakout of the obtained levels (A up – A down).
These areas’ importance lies in their hidden MetaTrader5 Supply and Demand indicator levels. This trading system is highly applicable in volatile symbols where liquidity and trading volume increase with the opening of different markets.
Bullish Signal Conditions of the Indicator (Bullish Setup)
In the image below, the Dow Jones Index (US30) price chart is shown in a 5-minute time frame. The (A up) line has been broken strongly and stabilized on it for 7 minutes. This stabilization prevents traders from falling into the trap of Fake Breakouts. Then, one can enter a buy trade.
Take Profit and Stop Loss for Buy Trades of the ACD Indicator
After entering the trade, the stop loss can be set below the (A down) line, and the Reward-risk ratio for this strategy is 1, which can be used to set the take profit.
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