Trading libraries for MetaTrader 4

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MetaTrader 4

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Information

Indicators
MetaTrader 4
Andrey Kozak
1.0
20

Overview

An indicator that will help you trade. This indicator will show trend reversals as well as pullbacks. When the arrow appears, it will mean that now the trend will either change its direction, or there will be a rollback from the main movement. In any of the cases, if the trader knows about it in advance, it is possible to open trades effectively. This indicator does not redraw its values. The arrow appears at the beginning of the candle and stays there.



How to trade with this indicator:
  • When a red arrow appears, we open a sell deal.
  • When a blue arrow appears, we open a buy deal.
  • Take profit is set at 15-25 points. StopLoss set at your discretion, depending on the volatility of the market and the currency pair you are trading.


Benefits of the indicator:
  • does not redraw its values
  • shows price reversal points
  • shows trend change points
  • shows price rollback points
  • very easy to use
  • has a minimum of settings for ease of use


Indicator settings:
  • period - specify the indicator calculation period.

To demonstrate the effectiveness of trading with this indicator, I will start my own signal, where I will demonstrate manual trading using this indicator. This will be exclusively manual trading, where I will trade using signals from this indicator only. You can watch the results of trading at the link https://www.mql5.com/en/signals/1670778


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