It’s all about levels and flows trading the USD30 on the MT4/5 platform as I focus on trading the Dow 30 index. Here I show you the importance of support and resistance levels and also those of the Camarilla Levels Indicator for MT4. Support and resistance is one of the key planks of technical analysis but one which can be approached in many different ways. For example on the MT4/MT5 platform, we have support and resistance from a price based perspective, but also from a volume-based one. The VPOC takes price and volume and introduces the concept of time and so displays it on the price axis where it creates high and low volume regions on the histogram and so presents volume in terms of areas of support and resistance. Finally in addition we also have the Camarilla levels indicators which offer yet another powerful way to view levels and flows when day trading.
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