Monday, October 7, 2019

Trend Wave Indicator

Trend Wave Indicator


The indicator is configured to identify the entrance to the trend correction. Powered by oscillators based on and reflects the concept of the theory of waves.


When the blue arrow signal generated up to purchase. The appearance of a red down arrow indicates a potential sale.


Keep in mind that when an arrow is supposed search for the entrance to the current candle (not redrawn indicator).


Stop logical to put a few points of the arrow (on the closure of the candles) or on their trading strategy. If, after the appearance of the signal observed in the flat for a couple of candles, in order to reduce risks should withdraw from the market.


Recommended timeframes: works on all timeframes, on the higher timeframes probability of error is less than the indicator.


Recommended currency pair: since the indicator concept to some extent reflects the concept of the wave theory, can be used on any pairs.


Trend Wave Indicator

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