Vidya Zone Indicator
Platform: MT4 Type: Trend Last update: December 7, 2024The Vidya Zone Indicator for MT4 applies two approaches in trading, namely trend-following and support and resistance levels.
For the calculations it uses CMO and as visual display, it consists of three lines: upper blue, gray central and lower orange. They together form a channel or zone. Forex traders should watch how the price reacts at the touch of this formation, so analysis of price action patterns is mandatory.
The strategy is based on assumption of pullback and then trend continuation. The stop loss should be placed in a few pips distance of the external line and take profit should be an multiple of this value.
Example chart:
Submit your review | |
ForexRacer
Average rating: 0 reviews
