Turn Area Forex Indicator for MT4

The Turn Area Forex Indicator for MT4 is a combination of Relative Strength (RSI) and Exponential Moving Average (EMA). The signals are represented in a form of the histogram bars that can reach overbought/oversold levels (20/-20 respectively). Due to the nature of its signals, that gauge can be considered as a reversal indicator.

How does the turn area forex indicator work?

As we mentioned earlier, the Turn Area Forex Indicator uses a 12-day EMA along with a 21-period of RSI for determining both the market trend and its overbought or oversold conditions. Positive values mean the trend is bullish, and conversely, negative values reflect the bearish trend. Detailed trading instructions are provided below.

Buy Signal

Follow these steps for a long trade:

  • Turn Area Indicator bars drops below oversold level (-20 level) and then reverse above 0 level
  • Price swings higher from recent low swing
  • Buy trade is triggered after the above conditions are met
  • Set stop loss a few pips below the last swing low of the market
  • Take profit or exit trade whenever the Turn Area indicator bars stars to drop from its overbought level

Turn Area Forex Indicator Example of Buy Trade

Sell Signal

Follow these steps for a short trade:

  • Turn Area Indicator bars rises above ovebought level (20 level) and then reverse below 0 level
  • Price swings lower from recent high swing
  • Sell trade is triggered after the above conditions are met
  • Set stop loss a few pips above the last swing high of the market
  • Take profit or exit trade whenever the Turn Area indicator bars stars to rise from its oversold level

Turn Area Forex Indicator Example of Sell Trade


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