- Обсуждение (1)
Trend Sniper H1 H4
This indicator displays price trend lines on the M15/M30/H1/H4 charts.
Uses a special algorithm for the lines.
NB: Make sure to download all time frames' history before testing and use.
No need to set up the indicator.
Does not feature any alerts and is best used manually after visually confirming the line displays.
Great for scalping or long-term trading.
How to use:
- NB: Make sure to download all time frames' history before testing and use.
- Recommended for use on H1.
- If used on M15 or M30, zoom the chart out completely. Use template in comment #1.
- Hover over the lines to see the line's label.
- M15/M30/H1: Buy when the red Sniper Line crosses below the yellow Price Line.
- M15/M30/H1 : Sell when the red Sniper Line crosses above the yellow Price Line.
- The green Higher Sniper Line can be applied on M15/M30/H1/H4, and assists with trend determination.
- H4: Buy when the green Higher Sniper Line crosses below the red Price Line.
- H4: Sell when the green Higher Sniper Line crosses above the red Price Line.
- Best used when the chart is zoomed out completely, and entering buys from lower extreme of indicator window, and sells from upper extreme of indicator window.
- See images below.
- Use as you see fit for your strategy.
- See images below for examples.
- Best results on Major pairs, but can also be used on other pairs.
Important to note:
- Please combine this indicator with your other tools for best results.
- Always test your strategy on a demo account before using a new indicator on a live account.
- You use this indicator at your own risk.
- Do not risk money you cannot afford to lose.