RoNz Price MA Candle Indicator
MT4 Momentum TradingFree DownloadThe RoNz Price MA Candle Forex Indicator uses Moving Average to colorize candlesticks according to MA direction. White candles indicate bullish MA, and red candles reflect bearish MA. That forex indicator should be rather used in conjunction with other technical analysis gauges, than a standalone trading tool.
Buy Signal
- Price crosses or already is above 100-period Exponential Moving Average
- RoNZ candlesticks are white
- Set your stop loss a few pips under the most recent low swing of the market
- Take profit when a canadlestick turns red
Sell Signal
- Price crosses or already is below 100-period Exponential Moving Average
- RoNZ candlesticks are red
- Set your stop loss a few pips above the most recent high swing of the market
- Take profit when a canadlestick turns white
