OANDA Japan adds precious metals producers data to OANDA Lab section
Online trading company OANDA Japan continues to enhance its OANDA Lab section.
The section now offers information about the world’s biggest producers of precious metals. The ranking features the top 10 producers of Gold, Silver, Copper, Platinum, and Palladium.
Anyone can check out the data about Gold. However, only holders of gold membership with OANDA can make use of the data about the other precious metals. The idea behind providing this information is to allow traders to make better investment decisions.
OANDA has been regularly expanding the content of the OANDA Lab section. The broker has recently introduced a new indicator called “OANDA_Support_Resistance”.
The solution is recommended to traders using MT4 / MT5. As the name of the indicator suggests, it draws the levels of support and resistance on the chart. Specifically, the levels are calculated using fractals on three time axes: long-term, medium-term, and short-term. The level of support and resistance is displayed as dots.
Another interesting addition is a ranking of the trading instruments offered by OANDA (Forex, CFDs, stock indices, commodities, and bonds) according to their price change (increase or decrease). This ranking enlists the top 10 movers for the past day.
Traders with live accounts get access to additional information. They can use extra tools to customize the ranking.