TST Monthly indicator is based on limit orders of the major market players. Usually the indicator projects 2 to 4 sell and buy levels. The indicator updates itself every month, on the next day after options expiration, usually within first 5 to 10 days of a month. TST Monthly indicator works only on MeteTrader 4. All levels and signals are calculated based market limit orders data calculated from Daily Bulletin of CME.
Trading with TST Monthly indicator
There are lower and upper key levels. From each level, price tends to correct or reverse. In addition, the price also reacts to untested levels from past months. TST Monthly indicator works on EURUSD, GBPUSD, and USDCAD currency pairs.
We have 3 important levels:
Yellow level, important only on GBPUSD. If a month opens above the yellow level, the price usually falls down to test it and then rebounds higher approximately 400 – 600 pips. There is no defined tendency, however, if a month opens below the yellow level. Note: A month opens the first day after options expire.
White level, has no major significance and just acts as a support or resistance.
Violet levels, only apply for EURUSD and USDCAD currency pairs. A price has a high likelihood to touch these levels. If there are 2 violet levels in the current month, price usually touches one of them. A good way to understand how the levels act is to look at price action history. To do so, set the “ShowAllHistory” parameter to “true”. You might be asked to allow to import .DLL files to your MetaTrader 4. To do so, go to Tools>>Options>> Expert Advisors tab on the platform menu and tick the “Allow DLL imports” field. Lastly, if the indicator asks to change the server, simply go to the indicator's options and choose a server from 1 to 3.
TST Monthly indicator download
To download your indicator use the “Download” button located at the bottom.
How do you install an indicator on MT4?
In order to install an indicator on MT4, you need to:
1. Click on Download button below;
2. Save the file to your computer;
3. Move the .ex4 file into the following folder : meta traderexpertsindicators;
4. Restart your Metatrader platform;
5. Click the “Indicators” button in Metatrader toolbar;
6. Select “Custom”;
7. Search and select “TST Monthly indicator”;
8. Adjust settings or press OK to add the indicator to your selected chart;
Note: TST Monthly indicator was developed by TST vector company and was sent by an AtoZ Markets follower from Russia, Eugen. AtoZ Markets does not carry any copyrights over this trading tool.
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