2023-03-20 17:07:18
PZSwingTrading indicator Metatrader 4 Forex Trading
Swing Trading indicator designed to detect swings within the direction of the trend and possible reversal swings.
The indicator displays the trend direction in the least times
A colored price band represents the opportunity baseline
Colored dashes represent possible reversal swings
The scanner scans all the instruments in the Market Watch
The indicator studies several price and time vectors to trace the mixture trend direction and detects situations during which the market is oversold or overbought and prepared to correct.
buy signal: when cloud color turn into blue then Price cross above it and blue arrow appears, it's recommended to open long trade
sell signal: when cloud color turn into red then Price cross below it and red arrow appears, it's recommended to open short trade
compatible with 1H ,4H, 1D time frames
Note: not applicable on sideway trend
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