Buy
Sell zone indicator draw boxes that are support and resistance
areas. The blue boxes are a support area. Red boxes are resistance
areas.
How
do you use this indicator?
Buy
When
the price enters the support area, wait for the price to exit the
area and place a pending purchase order 3 pips above the top edge of
the box. The stop loss must be placed below the lower box side. The
level of profit consists of the number of pips equal to the width of
the box or on a level of pivots points.
Sell
When
the price enters the resistance area wait for the price to exit the
area and place a sales order pending 3 pips below the bottom edge of
the box. The stop loss must be placed below the upper box side. The
level of profit consists of the number of pips equal to the width of
the box or on a level of pivots points.
Note:
the price must penetrate at least until the middle of the box to have
a valid signal.
Best
time frame 30 min and H1. This is a day trading indicator.
Download
MACD
Buy and Sell zone indicator.zip
Copy
mq4 and ex4 files to your Metatrader Directory / experts /
indicators /
Copy
tpl file (Template) to your Metatrader Directory / templates /
Start
or restart your Metatrader Client
Select
Chart and Timeframe where you want to test your forex system
Right
click on your trading chart and hover on “Template”
Move
right to select Buy
and Sell zone indicator.
You
will see Buy
and Sell zone indicator on
your Chart.
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