Direction Indicator is a Forex trading indicator that is very suitable for decision making Buy or sell. Direction Indicator directive indicators are used on metatrader platform 4. The direction indicator is an advanced technical indicator and this single indicator will give you a lot of information about market price action. A direction indicator can also be used by a novice trader. You can have a profitable trade with a high degree of accuracy if you trade just following general market trends.
A direction indicator helps you know the direction of an ongoing market trend. This indicator will also warn of potential trend reversals. A direction indicator will also help you know the support and resistance of the market. When the Direction indicator is installed correctly on your trading platform, your chart should look like this:
A direction indicator helps you know the direction of an ongoing market trend. This indicator will also warn of potential trend reversals. A direction indicator will also help you know the support and resistance of the market. When the Direction indicator is installed correctly on your trading platform, your chart should look like this:
Direction indicator
A direction indicator is a combination of several other indicators. This indicator consists of a parabolic indicator sar, arrow, and zigzag. Getting all these indicators in one indicator is a good thing to have. When you see a green arrow below the chart, this is a buy signal and when you see a red arrow above the chart, this is a sell signal. This signal must be supported by parabolic sar.
Purchase Condition Using Indicator Direction.A direction indicator is a combination of several other indicators. This indicator consists of a parabolic indicator sar, arrow, and zigzag. Getting all these indicators in one indicator is a good thing to have. When you see a green arrow below the chart, this is a buy signal and when you see a red arrow above the chart, this is a sell signal. This signal must be supported by parabolic sar.
- The market should rise trend.
- Green arrows should appear below the market.
- Sar parabolic should appear below the market.
- Put your long position immediately after the above conditions are met.
- Place your stop loss just under the recent swing.
- Take your advantage when a red arrow appears above the market.
Selling Condition Using Indicator Direction.
- Market should be down trending.
- A red arrow should appear above the market.
- Parabolic sar should appear above the market.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when a green arrow appears below the market.
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