Your friend when it comes to identifying strong trends.
The algorithm used in this indicator takes input from the Parabolic Sar (PSar) and Supporting/Resistance levels.
Helps you find best entry points for your trades after reaching a certain level, and easily identify where you can exit/re-enter your trades.
This indicator can be used on all time frames and pairs.
Features alert function.
No need to set up the indicator.
How to use:
Simply attach to any chart.
See comment #8.
NB: Look for new trades when the price has moved away from the upper and lower extremes of the indicator window (comment #8). Make sure that the current time frame, as well as the higher time frames align to these zones before attempting new trades, or use as you see fit for your strategy. PM me for details.
When the blue line crosses below the red line, it signals buying opportunities.
When the red line crosses above the blue line, it signals selling opportunities.
Best results on Major Pairs, but can also be used on other pairs.
Important to note:
Please do not use this indicator haphazardly. Make sure it compliments your strategy.
Don't risk money you cannot afford to lose.
You use this indicator at your own risk. Please apply money management wisely.
Always test your strategy on a demo account before using a new indicator on a live account.
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Trend filter enhanced.