PROFESSIONAL FOREX INDICATOR SUPER MEGA PROFIT - MT4
One of the Best and Accurate Indicators in use for Trading in forex. Various Advantages of This Indicator
Indicators used to read the movement or identify when the direction of the trend will change.
Knowing the trend will certainly be very useful for traders, especially to know the right time to open or close the Open Position (OP).
This indicator also has a fluctuating nature, used to determine whether the market condition is oversold or overbought.
Momentum of this type of indicator can be used to determine whether the trend will change or still continue
Can be used to measure the amount of price movement at a time.
This indicator can help us in determining the market power which is seen from the size of the price fluctuation in a certain period of time.
There are 38 Indicators in Super Mega Profit and 5 Templates, also available NON REPAINT template
Please read to the end. You will be surprised how this indicator can analyze the market accurately
Market Reader
Market Reader is a forex trading system. This system is different from other types of systems because it is built with different concept. Market reader is reliable and powerful forex trading system. This forex trading system updates you with the recent moves that have been occurring in different time frames. Market reader lets you know whether the market is up or down, overbought or oversold bullish start of bearish start. By having mentioned information with you, you will be able to trade under any circumstances. Market Reader will work effectively in higher time frames like H1 and H4. It might be riskier to trade in smaller time frames like M1, M5 and M15.
While Market Reader forex trading system is a reliable forex trading setup, you need to be extra careful while using it since it doesn’t have any other indicators to confirm the trade setups, you solely need to depend on the little information that is displayed on the indicator window at the bottom of the window. Market Reader generates the signal on the basis of the color of the time frame that is displayed on the indicator window.
There are six different colors you can see on the indicator window. They are- dodger blue, red, yellowgreen, green, aqua, and pink. These six colors have different meaning. Dodger blue indicates up trend, red color indicates down trend, yellowgreen indicates overbought, green color indicates oversold, aqua color indicates bullish start and pink color indicates bearish start.
You should decide which time frame to trade and see what’s happening on that time frame using Market Reader system. Suppose if you want to open a position in an hourly time frame you should see the color of H1 on market reader indicator. Enter only when the color of H1 is dodger blue or aqua. Your buying decision should be supported by the Market Reader indicator. Dodger blue or aqua means the trend is up.
One of the Best and Accurate Indicators in use for Trading in forex. Various Advantages of This Indicator
Indicators used to read the movement or identify when the direction of the trend will change.
Knowing the trend will certainly be very useful for traders, especially to know the right time to open or close the Open Position (OP).
This indicator also has a fluctuating nature, used to determine whether the market condition is oversold or overbought.
Momentum of this type of indicator can be used to determine whether the trend will change or still continue
Can be used to measure the amount of price movement at a time.
This indicator can help us in determining the market power which is seen from the size of the price fluctuation in a certain period of time.
There are 38 Indicators in Super Mega Profit and 5 Templates, also available NON REPAINT template
Please read to the end. You will be surprised how this indicator can analyze the market accurately
One of the indicators contained in the super mega profit Strength Candles Buy/Sell Forex Indicator
The strength candles buy/sell indicator measures the strength of the trend for any currency pair and for the following time frames: M1, M5, M15, M30, H1, H4 and D1. This forex indicator also calculates and displays the overall trend strength.
Trading Signals
Strong buy signal: Green buy bar reaches 80% or above (sell bar 20% or less).
Strong sell signal: Red sell bar reaches 80% or above (buy bar 20% or less).
SFET Indicator Helps you show direction of trend change as current, and larger time range. Stochastic Friendly by default has 80% level, above which market is treated as overbought, and 20% level, below which market is considered oversold.It is important to remember that while in sideways moving market a single Stochastic lines crossover that occur above 80% or below 20% will most of the time result in a fast predictable trend change, in trending market could mean just nothing. When price is trending well, Stochastic lines may easily remain in overbought/oversold zone for a long period of time while crossing there multiple times. That’s why a method of trading overbought/oversold zones stands up. The rules here are to wait until Stochastic lines after being in overbought/oversold zone come out from it. E.g. When stochastic was trading for some time in overbought zone – above 80% level, traders wait for the lines to slide down and eventually cross 80% level downwards before considering to take Short positions. Opposite for Long positions: wait till Stochastic lines come into the oversold zone (below 20% level); wait further until Stochastic lines eventually cross 20% level upwards; initiate a buy order once Stochastic lines are firmly set, e.g. a trading bar is closed and Stochastic lines cross over 20% mark is fixed.
Characteristics
The GMACD indicator is a lagging indicator. Because the signal is given only after the price has occurred. Usually the signal will form an indication of whether the sideway and trend. Because the indicator uses only signal, making indi placement is quite simple to use traders in analyzing prices.
In addition, by utilizing the signal provided by the GMACD indicator, in greater detail it is able to know which trend is stronger and which trends make up the repaint or false signal. Because identification is quite easy by looking from m1 to h4 if the trend up automatically in the long term is most likely bullish. Vice versa, if signal from m1 to h4 indicates trend down, then long term trend will form bearish.
Recommendation
We recommend using the indicator in the event of a trend. This allows the signal to provide valid information. Ever tested when a sideway happens. The result of the signal given between m1 to h4 hard to achieve. For that the most powerful trend can be known from the big news or when open sessions overlapping. Indicator To see more powerful trends for weeks, you can place an advanced signal until you take the MN. Usually this is done by swing traders who only do transactions for several periods only.
Buying Conditions Using Market Reader System.
Decide on which time frame you will be trading.
Once you decide the time frame look for the pairs which shows bullish signals.
Direction of the market should be up in majority of the time frame.
Place your stop loss just below the recent swing low.
Take your profit when the indicators change the color.
Selling Conditions Using Market Reader System.
Decide on which time frame you will be trading.
Once you decide the time frame look for the pairs which shows bearish signals.
Direction of the market should be down in majority of the time frame.
Place your stop loss just above the recent swing high.
Take your profit when the indicators change the color.
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