OANDA Japan Has Included a Support and Resistance Level Indicator

OANDA Japan, an online trading business, has announced a number of upgrades to its OANDA Lab teaching department.

The firm is launching a new indicator known as “OANDA Support Resistance.”

Traders that use MT4 or MT5 are advised to use this solution.

The indicator, as the name implies, depicts levels of support and resistance on the chart.

The levels are determined specifically by utilizing fractals on three-time axes: long-term, medium-term, and short-term.

The amount of support and opposition is represented by dots.

OANDA Japan's education page is updated on a regular basis.

For example, in January 2022, the firm launched OANDA Trading Analysis.

This indicator aids in analyzing the trading performance of a certain strategy (profit, loss, risks, etc.).

Traders may then determine if their trading techniques are profitable or not.

Another intriguing feature is a rating of OANDA's trading products (forex, CFDs, stock indices, commodities, and bonds) based on price change (increase or decrease).

This list includes the top ten movers from the previous day.

Traders with active accounts get access to more data.

They may utilize other tools to tailor the ranking.

In addition, in November 2021, OANDA Lab launched a section devoted to expert advisors (EAs)—bots that trade using pre-programmed algorithms, eliminating the need for human trading.

It should be noted that EAs normally operate on the MetaTrader 4 (MT4) platform.

OANDA is one of just a few Forex brokers in Japan that provides MT4.