Market Marker MT5

Forex traders are always on the lookout for innovative tools that can enhance their trading strategies and improve their profitability. One such tool that has gained attention in the market is the Market Marker MT5. In this review, we will analyze this unique software and its features to determine if it lives up to its claims.

The Market Marker MT5 is an indicator that displays peak levels of trading activity formed by the maximum volume. It tracks the correlation of candles on all timeframes, from the highest to the lowest. Each volume level represents key trading activity, with the most important cluster found within a month, week, day, hour, and so on.

One of the standout features of this indicator is its ability to identify demand and supply levels. A volume level receives a Demand status if the nearest volume level located to the left and above has been broken upwards. Conversely, a volume level receives a Supply status if the nearest volume level located to the left and below has been broken downwards. Additionally, the indicator also finds target levels, known as TFD (Target For Demand) and TFS (Target For Supply). These target levels indicate the nearest levels that have not been broken upwards or downwards, depending on demand or supply.

To enhance user experience, the Market Marker MT5 offers various indicator buttons and settings. Users can select the period from which volume levels are displayed using the MTF (MarkersTimeFrame) button. The MM (MarkersMode) button enables or disables level display mode, while the NM (NearestMarkers) button displays only several levels nearest to the current open price. The length of levels can be adjusted using the NL (NormalizationLength) button, allowing users to see them more clearly. Additionally, users can choose to use fixed length or height of levels using the FL (FixLength) and FH (FixHeight) buttons respectively. The indicator also offers different representations of levels (thick or thin lines) using the MV (MarkersView) button, and enables or disables period frames using the BV (BordersVisible) button. Users can also enable or disable bars coloring mode using the BM (BoxMode) button.

In terms of additional settings, the Market Marker MT5 provides options for alerts, advices, volume increase check, backward balance check, and showing preliminary levels. Users can also choose between tick or real volumes, arrange the position of buttons, adjust the width of levels based on the timeframe, and set the number of nearest levels displayed in NM mode. The indicator also offers a visualizing parameter for BM mode, allowing users to customize the appearance of bars.

It is important to note that independent testing of this product can be found on the forexroboteasy.com website. Users can watch the testing results and subscribe to updates on the performance of the Market Marker MT5. Furthermore, we invite readers to share their experience of using this unique software and contribute to the ongoing discussion.

In conclusion, the Market Marker MT5 is a professional-grade forex trading indicator that offers unique features to enhance trading strategies. Its ability to identify demand and supply levels, as well as target levels, provides valuable insights for traders. With its customizable settings and user-friendly interface, it caters to the needs of both novice and experienced traders. However, as with any trading tool, it is recommended to thoroughly understand its operation and parameters before incorporating it into your trading strategy.

Disclaimer: This is an independent product review. The text has been written in the third person to maintain objectivity and professionalism. The review does not endorse or promote any specific trading software or strategy. The information provided is based on the description of the product and may vary depending on individual trading preferences and market conditions.