Loco Indicator

Platform: MT4 Type: Trend

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Last update: October 19, 2024

The Loco Indicator for MT4 works in a very similar manner to PSAR. It displays dots located either below or above candlesticks – depedning on bulish or bearish setup.

This forex indicator is helpful in recognizing the market trend direction and provides dynamic support or resistance levels.

Example chart:

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