Forex Price Degrees with Trend Alerts Indicator
Platform: MT4 Type: Trend Last update: September 29, 2024The Forex Price Degrees with Trend Alerts indicator writes value degrees of the lastest position of the price at the current timeframe.
Depending on the daily price movement, and when position and condition of trend status was changed, that forex indicator will give an alerts.
If the theory of degrees is applied to the forex charts trading terminal, then price position can be divided in 4 ranges of degrees:
- 270 degrees to 310 degrees, is position of Strong Bearish;
- 315 degrees to 360 degrees (0 degrees), is a position of Bearish;
- 0 degrees to 45 degrees, is a position of Bullish;
- 50 degrees to 90 degrees, is position of Strong Bullish.
