Face Smiling Trend
Face smiling trend indicator is an oscillator designed to search for turning points. Face smiling trend indicator is an oscillator that uses in its work the average price for a certain period. It is designed to determine the price reversal points.
The indicator value Face smiling trend varies between the levels of 0.00 (resold) and 105 (bought up) depending on market conditions. Red bars indicate a bearish pressure, and the blue bars suggest bullish pressure.
Typically, a reversal of the trend occurs when the meter reaches the maximum levels of 0 and 100. In such situations, the probability in the reverse direction of movement is very high.
trading signals
- Rising trends - expected appearance of the first blue bar near the level of 0.00 (oversold).
- Downtrends - expect the appearance of first red bar around the level 105 (perekuplennosti).
Recommendations for the use of the indicator:
- Currency pair - any;
- The preferred timeframe - M1 and above;
- Sessions - any.
Options
- Period - the number of bars used to calculate the indicator.
- Average - average value of the price of a financial instrument.
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