Grid Builder Indicator


Grid Builder Indicator

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This is a custom indicator that allows you to customize the grid lines on your chart graphs in MT4. The default equidistant ones are kept, but you can adjust them to be whatever you want.

However, Grid Builder allows traders to define the distance between their grid lines. This helps traders assess how far they’ve traveled in their trading strategy.

The indicator would be helpful to both novice and professional traders alike. You can use it to build a grid chart that is suitable for scalping, day, or swing trades. A scalper can quickly measure the pips of a running trade by setting the grid.

The indicator does not use trade setups to show you the most suitable trades.

However, you can use the indicator to easily spot important levels on the chart that are proven to be strong support & resistance zones. These levels are proven to provide outstanding trading opportunities.

Additionally, the indicator can also come in handy in fundamental trading; it helps you to quickly ascertain the value of pips a pair has done.

Conclusion

If you have a strategy that revolves around grids on the MT4 platform and need to frequently add or edit them, then the Grid Builder indicator is perfect for you. It comes free with the cost of MT4 and will help speed up your modeling process.

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