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Advantages * Color change indicators are one of the easiest types to use. * Only one setting to adjust. * May be used as an exit indicator depending on your algorithm. How we use it Lon following pairs. EUR/USD AUD/NZD EUR/GBP AUD/CAD CHF/JPY CAD/SGD If it doesn’t work on these 6 pairs, chances are it won’t work on other pairs. This is not an absolute, but we’ve found this rule is reliable in most cases. The markets we test our indicators are the: EUR/USD (Euro/US Dollar)
It makes it easier for you to trade by providing trend charts in all frames from bottom to top. If it touches the upward trend, it is a good opportunity to sell, and the target is the downward trend, and vice versa. If it touches the downward trend, it is a good opportunity to buy, and the target is the upward trend. It can automatically redraw the trend. You can monitor higher frames and trade on lower frames for speculation