Can someone suggest an indicator for MT4 that is good at spotting price consolidation areas?
Ignored
I think - this have to be your eyes... If you see, that price makes the same moves up and down - we have consolidation... And my opinion - don't use indicators. Brokers are suggesting all kinds of indicators for their profit. My friend - he is broker - did tell me, that his most liked indicator is stochastic, bcz a lot of traders are using this indicators and lost their money. Their money is profit of all brokers.
