Introduction to the Meta Neural Dashboard Indicator
Most indicators provide simple technical indications such as trend direction, possible reversal signals, or other technical analysis information. Only a few indicators provide complete trade setups.
The Meta Neural Dashboard Indicator is one of the few technical indicators which provide complete trade setups and instructions.
What is the Meta Neural Dashboard Indicator?
The Meta Neural Dashboard Indicator is a trend direction and trend reversal signal indicator which was developed to help traders identify the directional bias of price and provide trade signals whenever price is showing signs of a probable reversal.
The Meta Neural Dashboard Indicator is a template that plots support and resistance lines, as well as a dashboard indicating the directional bias of the market. It also provides trade signals and instructions such as when to open a trade, hold a trade, take partial profits, or any other trading instructions based on the market trend and momentum.
How the Meta Neural Dashboard Indicator Works?
The Meta Neural Dashboard Indicator is a two indicator template. One plots the support and resistance lines, while the other identifies the trade signals and provides trade instructions.
The Meta Neural VSA SR Indicator plots the horizontal lines, which are used as support and resistance lines. It uses a complex algorithm which are based on the open, high, low, and close of price for the day.
The Meta Neural Dashboard MT4 Indicator interprets price movements in relation to the support and resistance levels and provide trade instructions. It also incorporates the open and close of each market session within its algorithm. The algorithm it uses is very complex with various filters which helps it identify trade signals.
How to use the Meta Neural Dashboard Indicator for MT4
This template uses two indicators with different variable settings.
The Meta Neural VSA SR Indicator has a couple of variables which can be modified.
The “Bars Back” and “Daily Look Back” variables can be modified to adjust the number of daily price bars which the indicator would use to calculate for its support and resistance lines.
The Meta Neural Dashboard MT4 Indicator has several options, most of which are visual modifications.
“Asia-session start”, “Euro-session start”, and “US-session start” modifies the market open time of each session to adjust for the time zone difference with the broker’s server.
“AlertDBias”, “EmailDBias”, “AlertSecondTxt”, and “EmailSecondTxt” toggles the trade alert options on or off.
The other options are mostly visual modifications of the trade signals and indications.
It is important to apply the “metaneural_vsa_sr” indicator first then add either the “metaneural_dashboard_nmc” or “Meta Neural Dashboard MT4 Indicator” for the indicator to display the lines and the dashboard.
Buy Trend Bias
The indicator should show the statement “Directional Bias for today is UP”. Open a buy order as soon as the “Open BUY at…” and “Set TP at…” instruction is displayed, then follow the trade instructions.
Sell Trend Bias
The indicator should show the statement “Directional Bias for today is DOWN”. Open a sell order as soon as the “Open SELL at…” and “Set TP at…” instruction is displayed, then follow the trade instructions.
Conclusion
This technical indicator is an indicator which provides a complete trade setup. It is unclear what strategy the indicator uses since the algorithm is complex. However, it is clear that it identifies trend and momentum bias by comparing price movements in relation to the support and resistance levels.
Traders should still test it before implementing the strategy in a real account.
Recommended MT4/MT5 Brokers
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
>> Sign Up for XM Broker Account here <<
FBS Broker
- Trade 100 Bonus: Free $100 to kickstart your trading journey!
- 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
- Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
- ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
- Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.
>> Sign Up for FBS Broker Account here <<
(Free MT4 Indicators Download)
Click here below to download: