- August 8, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex Indicators
RelicusRoad Pro Indicator Review
The foreign exchange (Forex) market, known for its high liquidity, 24-hour trading, and technical nature, is attracting a considerable number of traders across the globe. To navigate this complex and volatile market successfully, traders have started leveraging cutting-edge technology and innovative indicators. One such groundbreaking product is the RelicusRoad Pro Indicator, a binary options indicator that has been transforming the way traders approach the Forex market.
Understanding the RelicusRoad Pro Indicator
RelicusRoad Pro is a binary options indicator designed to assist traders with market trends, using preferred timeframes of M5 and M15. Unlike many other indicators, the RelicusRoad Pro does not draw, but rather provides real-time analysis, enabling traders to make informed decisions swiftly.
Best Brokers List
RelicusRoad Pro Indicator works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
RelicusRoad Pro Indicator Settings
The Power of Dynamic Trend Analysis
What sets the RelicusRoad Pro Indicator apart from other tools is its Dynamic Trend feature. Positioned at the top left of the chart, this feature illustrates the position of the current price relative to price points of reference over the past 24 hours. Furthermore, it includes a Daily Dynamic aspect that provides a longer-term trend view by covering the position of the price in reference to price points over the last four days.
For instance, the Dynamic Trend can signal when the price has run out of upward momentum and is moving weakly downward. Simultaneously, the Daily Dynamic can show that the four-day trend is still strongly upward. This kind of multi-dimensional analysis enables traders to have a more holistic view of the market, aiding in more accurate predictions.
User Customization and Alerts
The Dynamic Trend indicator of the RelicusRoad Pro comes with a built-in Popup Alert Window, allowing traders to set their level of Alert Setting. This feature ensures that traders never miss crucial market changes.
Moreover, the RelicusRoad Pro Indicator is highly customizable. It comes with various settings, including Common Inputs, Colors, Visualization, Config_Painel, Config_Filtro_Asserfividade, Config_Filtros, Config_Alertas, and more. Traders can adjust these options according to their trading preferences, making it a versatile tool suitable for various trading styles.
Features for Advanced Market Analysis
RelicusRoad Pro also includes an Assertiveness Filter (Filtro de asserfividade), which assists traders in identifying the potential of certain trends. This, along with the Trend and Opposite Candle Filter (Filtro de tendência e vela oposta), helps traders to analyze market trends more precisely.
Support and Resistance Lines
An additional feature of the RelicusRoad Pro is its ability to draw support and resistance lines (Linhas de Suporte e Resistência). This aids traders in identifying critical levels where the price is likely to encounter support or resistance.
Trading Alerts and Automated Trading
Finally, the RelicusRoad Pro provides configurable alerts, including email, audible alerts, and push notifications. For the advanced trader, it even offers an automatic trading feature, making it a full-suite trading tool for both newbies and experienced traders alike.
RelicusRoad Pro Indicator Live Action
Conclusion
The RelicusRoad Pro Indicator, with its variety of innovative features, is shaping up to be a game-changer in the forex trading industry. Its ability to analyze short-term and long-term trends simultaneously, customizable settings, and advanced market analysis tools make it a potent weapon in a trader's arsenal. Regardless of whether you're new to the forex market or an experienced trader, the RelicusRoad Pro Indicator could be your key to navigating the exciting yet volatile world of forex trading.
Download the RelicusRoad Pro Indicator
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex tool works before using it on a live account.
