AggM Indicator
Platform: MT4 Type: Oscillator Last update: September 23, 2024The AggM Indicator for MT4 is a composite trend and mean-reversion indicator, but the signals are provided in the form of an oscillator line. When it comes to the trading rules with the AggM indicator, it looks like the following. Long trades are triggered when the indicator’s value rises above 0.7 level. Similarly, sell trades occur when these values drop below 0.2 level.
Example trade with the AggM Indicator
Below is the screenshot of an example trade with the AggM Indicator.
This is an example of a reversal trade. On the left side of the chart, values drop below 0.2 level but the price did not drop much. Then a reversal happens and a buy trade is placed when the readings of the AggM Indicator exceeds 0.7 level for the first time.
