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Indicator Strategies for MT5: Unlock Potential with SL&TP Values

Estimated read time 4 min read

The Standard & Poor’s 500 (S&P 500) and TICKS/TICK Values indicators on MetaTrader 5 (MT5) provide traders with an easy way to track current market conditions and anticipate future price action. The S&P 500 indicator shows the performance of 500 U.S. large-cap stocks that reflect the performance of the U.S. equity market, and the TICK / TICK indicator uses an index of the number of stocks trading on New York Stock Exchange’s (NYSE) “Tick” data feeds to show market breadth, momentum, and sentiment. When combined, the S&P 500 and TICK/TICK values indicators can help traders identify trend and support/resistance levels, and provide insight into when to buy and sell in the currency markets.