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Signal lines are used in technical indicators, especially oscillators , to generate buy and sell signals or suggest a change in a trend. They are called signal lines because when another indicator or line crosses them it is a signal to trade or that something potentially important is happening with the price of an asset. It could be that the price was trending, pulled back , and is now starting to trend or again, or it could signal that a new uptrend or downtrend is starting
The Market Profile Indicator for MT4 displays the price levels and zones where increased trading activity happens. These zones with substantial forex trading activity provide the forex traders with the best entry levels, support, and resistance levels. Moreover, price levels indicate the best reversal zones. As a result, forex traders can identify BULLISH and BEARISH market trends and BUY and SELL entry points as well as the best reversal points. The indicator works well in all intraday
3C JRSX H Indicator represents a trend-following forex trading oscillator that signals for both market trends and its possible swing areas. Besides, it supports all sorts of timeframe charts available within the forex MT4 platform. Therefore, it can serve all kinds of financial traders providing supports for both scalping and day trading activities. This Indicator can be applied to all kinds of forex currency pairs available in the market. Moreover, its simplicity of use and easy chart
What is 2 Line MACD Indicator MT4? The 2 Line MACD Indicator, in short, is a technical indicator that assists in identifying the trend as well as its strength, and the possibility of the trend reversal. It is a widespread forex technical indicator that is made of three essential components, i.e. 1. MACD histogram 2. MACD: 12-period exponential moving average (12 EMA) – 26 period EMA 3. MACD Signal Line: the 9-period EMA of the MACD. This Indicator is one that ensures a trader stays profitable
The Cycle Identifier MT4 indicator is a great choice of custom indicator for both short-term and long-term traders. The Cycle Identifier MT4 generates filtered price action signals to assist traders to identify when the conditions are right to open buy and sell positions. How it works The Cycle Identifier MT4 indicator displays on a separate indicator chart below the main chart where it draws an oscillating gray line. This gray line is characterized by upward and downward spikes that are