SFT Market Line

The indicator automatically adjusts itself to any trading instrument and determines basic market conditions, such as:

Flet, Trend, Overbought and Oversold

Distinctive features

• It's not redrawn;
• Fast filtering of basic market conditions;
• Easy and clear settings;
• Works on all timeframes and all symbols;
• Suitable for trading currencies, metals, options and crypt currencies (Bitcoin, Litecoin, Ethereum, etc.);
• Suitable for manual trading and for developing Expert Advisors;

Indicator settings

• Market Line Period - indicator calculation period;
• Chart Depth - depth of indicator displaying in the chart;
• Levels color - color of indicator levels;

Trading Recommendations

• Market Flat - Market Line is between levels -10 and 10, the histogram is colored in silver - you can trade within the channel, opening positions from borders to the middle of the channel;
• Up Trend Market - Market Line is between levels 10 and 20, the histogram is blue - you can trade in the trend by opening Buy or Call (for options) positions;
• Down Trend Market - Market Line is between levels 10 and 20, the histogram is red - you can trade in a trend by opening Sell or Put positions (for options);
• Overbought market - Market Line is above level 20, histogram is green - you can trade on rollback by opening Sell or Put positions (for options);
• Oversold Market - Market Line is below -20, histogram is colored purple - you can trade on rollback by opening Buy or Call positions (for options);
• The direction of the trade must match the direction of the trend on the older timeframe.
• Well-proven in collaboration with the free SFT Bullet Arrow indicator

Trading strategy with SFT Market Line indicator