My Own Indicator (MT4)
Hi, I have developed some indicators for Mt4 , here is one of the indicator
Here what I can assume?, Market is UP? , Market is Down?
Now Look at the same chart with my Indicator.
=> Red Bar is = Sell entry
=>Blue Bar is = Buy entry
=>Gray Bar following with Red bar = it is Sell trend (keep)
=>Gray Bar following with Blue bar = it is Buy trend (keep)
=>The little green color Bar indicating you, there is a possibility of trend reverse, if you are already in good profit, and there is green color bar on the chart, better close and book your profit.
Here what I can assume?, Market is UP? , Market is Down?
Now Look at the same chart with my Indicator.
=> Red Bar is = Sell entry
=>Blue Bar is = Buy entry
=>Gray Bar following with Red bar = it is Sell trend (keep)
=>Gray Bar following with Blue bar = it is Buy trend (keep)
=>The little green color Bar indicating you, there is a possibility of trend reverse, if you are already in good profit, and there is green color bar on the chart, better close and book your profit.
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