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The Indicator for Beginner Traders

This is an indicator for beginners which vividly shows when you need to open a Buy or Sell order.

Works on any timeframe. It is based on analysis of a real price of a financial instrument. Has no complicated settings.


Usage:

We open a Buy order when the Main histogram is in minus and yellow Signal line is as low as possible towards the Main histogram.

Closing the Buy order:

  • 1 option: when the Signal line is above zero;
  • 2 option: when the Main histogram is above zero and the Signal line is as high as possible towards the Main histogram.

And vice versa for a Sell order.

We open it when the Main histogram is in plus and yellow Signal line is as high as possible towards the Main histogram.

Closing the Sell order:

  • 1 option: when the Signal line is below zero;
  • 2 option: when the Main histogram is below zero and the Signal line is as low as possible towards the Main histogram.


Input parameters:

  • Adjusting the Main Line — adjusting the histogram from 10 to 300.
  • Adjusting the Signal Line — adjusting the signal line from 1 to 30.
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