
All-in-One Trade (AOTI) Indicator Features Overview
Contents
The main purpose of the All-in-One Trade Indicator (AOTI) is to determine the daily levels for EUR/USD, GBP/USD, and EUR/GBP. All other modules work on any instruments. What modules are as a part of the indicator and what they show? Today in the first part of a cycle of articles about the AOTI indicator, we learn the answers to these questions.
Product Name: All-in-One Trade Indicator (AOTI)
Trading Platform: MetaTrader 4
Product URL: www.mql5.com/aoti
Current Version: v3.1
Currency Pairs: For levels detection: EUR/USD, GBP/USD and EUR/GBP (New pairs will be later) / For other features: Any pairs
Time Frame: For levels detection: M5 / For other features: Any timeframe
Recommended Brokers: Read More
I began to make this indicator some time ago only for myself, and at first, it consisted of separate modules. I showed these modules to the friends, and they suggested uniting them all in one indicator for convenience. The indicator was improved continuously, and now it includes many features and original developments. It created for market research simplification and based on several trading strategies that I apply to real accounts. The indicator continuously improved and modernized from this time.
Main Feature of the AOTI Indicator
The main objective of the AOTI indicator – calculation of the target levels for EUR/USD, GBP/USD and EUR/GBP. In this version of an indicator these levels are:
- Today TP – expected Take Profit level of the current day
- Today BE – expected Breakeven level of the current day
- Today SL – Stop Loss level of the current day
…and additional levels:
- Today First TP – expected First Target level of the current day
- Today Max TP – maximum possible profit level of the current day
When we attached the indicator on the EUR/USD, GBP/USD or EUR/GBP, indicator begins calculation of a daily levels.
When the calculation is finished, the indicator will show levels at the info panel and on the chart.
How the Indicator Calculates the Daily Levels
It is impossible to tell in a few words. I will tell you only the basics of these calculations. All is much harder than it may seem.
In simple terms, the indicator uses the peculiarities of the price movement, correlation of pairs, analysis of the price movement speed, volume, and spread.
If we look at the charts above, we can see that price is going from level to level. However, how can we determine what a pair, what direction, and what target levels must be achieved today?
We need to check the correlation of the pairs, movement of the price for each pair, the rate of achievement of middle targets, etc.
When the indicator gets all these data, it starts to calculate the potential price movement of today. The indicator automatically examines the many factors to calculate levels, checks the levels, the ratio of the levels of different pairs, and more… That is why the calculation takes some time and requires multiple pairs.
Features of the All-in-One Trade Indicator (AOTI)
The following functions are working for any instrument.
Trend Reversal Points and Micro-Levels of Support/Resistance
Today’s trend direction has a high priority.
Micro-levels have a medium priority. The appearance of these levels suggests the completion of the current movement.
The appearance of the arrows indicates the point of a trend reversal.
Dual-Channel Feature
It shows the direction of the short-term trend and the trend within the trend.
Price Channel
The usage of this indicator allows the trader to react at a price breakout beyond the target channel.
MA Bands
The MA Bands allow us to assess the direction of the trend and its end quickly.
When the angle value is colored green, this indicates the end of the movement.
Auto Fibonacci Level
A Fibonacci retracement is a popular tool among technical traders. It based on the key numbers identified by mathematician Leonardo Fibonacci in the thirteenth century. These levels allow you to find reversal and retracement points.
Product Name: All-in-One Trade Indicator (AOTI)
Product URL: www.mql5.com/aoti
Trading Platform: MetaTrader 4
Recommended Brokers: Read More
