![]() ![]() ![]() Additionally, the indicator is free to download and easy to install.Also, continued monitoring of these indicators will give strong signals that can point you toward a buy or sell signal. The indicator works well in all intraday chart timeframes and the daily, weekly, and monthly charts too. Free to DownloadThe indicator is best suited for both new and advanced forex technical traders using any trend following trading strategy. Shows BUY and SELL arrow trading signals and trend directions. Xmaster Formula Indicator for MT4 best forex technical trading strategy. The indicator is placed in a separate window below the price chart. ![]() The BULLISH trend in LIME and the BEARISH trend in RED. The indicator displays the BUY and SELL arrow signals in YELLOW. In this forex technical trading strategy, the stop loss for the position is below the previous low, while the exit is at the next opposite trading signal arrow.The above EURUSD H1 chart shows the Xmaster formula indicator for MT4 in action. But, the trader should confirm the trading signal only if the indicator displays LIME color dots. In this technical strategy, the best position for a stop loss is above the previous swing high and the profit booking point is at the opposite trading signal arrow.Forex traders using the indicator to follow the trend can place BUY trade upon the formation of the YELLOW arrow in an upward direction. However, the trading signal must meet the additional criteria of the presence of RED dots. So, forex traders should place a SELL trade. Likewise, the appearance of the YELLOW downside arrow indicates the possible beginning of a BEARISH trend. ![]()
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