Buy Sell Indicator
Platform: MT5 Type: Scalping Last update: January 26, 2025The Buy Sell Indicator for MT5 provides reliable trade entry and exit signals. It puts emphasis on simplicity and in terms of visual aspects, it looks a bit like parabolic sar indicator. This is a good choice for forex traders (especially scalpers!) looking to eliminate chart clutter and focus on clear identification of market opportunities.
Example chart:
How to understand these buy sell signals?
As you can see, there are essentially two elements: larger squares and a series of smaller dots. The squares serve as trade triggers, with blue indicating long opportunities and pink suggesting short opportunities. The dots simply follow the trend and also act as support or resistance.
Behind the scenes, this buy sell indicator uses readings from the moving average and average true range. You can customize their values in the settings tab to obtain either sensitive or smooth signals. It’s also a good idea to adjust these settings to match the characteristics of the chosen currency pair or asset.
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