Percentage Retracement Oscillator Indicator

Percentage Retracement Oscillator Indicator

The Percentage Oscillator MT5 indicator plots various price levels based on the price of the previous period. The best technical analysis tool based on price levels.

The Percentage oscillator MT5 indicator displays the price percentage based on the price of the previous period. In addition, forex traders can determine the percentage change based on any period that can be set in the indicator settings.

Institutional forex traders trading in huge volumes often wait for the best entry price at various recovery levels. Similarly, they tend to add multiple positions or protect their current positions at various percentages of price change.

The Percentage oscillator MT5 indicator helps retail forex traders identify and potentially trade at the same price levels as institutional forex traders.

Percentage Oscillator MT5 Indicator Trading Signals

The GBPUSD M30 price chart above shows the Percentage oscillator MT5 indicator in action. The indicator displays the oscillator in a separate window as a green line between 0 and 100. In addition, the indicator shows the current values in the indicator window.

Forex traders should be aware that these institutional levels act as support and resistance. Thus, prices tend to react to these overbought and oversold levels. For best results, traders should use this support and resistance in their technical analysis and look for potential price reversals.

Similarly, traders should trade these levels with institutional forex traders in mind. As a result, it helps them stick to the mindset of institutional traders.

Because the indicator works to determine institutional price levels, new forex traders need to know institutional trading techniques.

Conclusion
In this way, the MT5 Percentage Oscillator identifies a potential entry point and helps retail forex traders understand and determine levels of institutional trading. As a result, retail forex traders are able to identify and enter the market at the best price levels.