FX Fishing
- Göstergeler
- Yasha Firooz
- Sürüm: 1.0
- Etkinleştirmeler: 5
Personal Note (How best to use this fishing indicator)
This is a highly intuitive indicator. I will express here, how I trade with it personally.
(Trend) 1. One way, you insert the fishing indicator onto your charts, and wait around 10mins at least, you can wait more.
The dot will become a more reliable direction color. Then you could choose to trade it.
Once done. take the indicator off your chart. And then you can repeat and rinse.
(Scalping) 2. This is my personal favourite way to trade.
Insert the indicator onto your chart. Then save that chart into templates, for example, I can name it, quick fish.
I would watch the tick difference calculator for a while. Then the move difference will be very apparent.
Then I would trade that direction. When I close in the money trade. I reinsert the quick fish template. And repeat.
This indicator reads the market fluctuation/volatility.
Between the two top numbers, the number underneath helps you to see what waves the market is flowing.
The dot coloration on the right, is based on market ratios. Hence you need to warm up the indicator.
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The Fishing Indicator starts calculating the waves of the market direction with color- coded indicators. It learns and analyses the market trends and shows ranges and distances between the movements.
*Green indicates upward movements in the market.
*Orange indicates downward movements in the market.
*Foreseeable distance readings between the two movements.
When the indicator dot is white the marketing is ranging.
Orange indicates the market is ‘nibbling on the bait’.
A ‘bite’ is indicated when the dot is green or red.
Other features which can asset you:
The Difference Trading Counter
And remember traders’ golden rules.
Money Management
Know Your Stops
Use Trail Stops if you can.
Know when to take profit.
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