Droidjojo Forex Indicator
Droidjojo Forex Indicator is able to detect strong trend (long or short), trend reversal and ranging/choppy market.
This indicator is equipped with secret formula which is suitable to all period ( from M1 to Monthly chart window ). Every period has its own preset and has been tested to all forex symbol/pairs. Hence you may use Droidjojo Forex Indicator for scalping method on M1 to M15 chart window, or you may use this for daily forex trading using H1 to H4 chart window or even for swing trading using H4 to Daily or Daily to Weekly chart window.
It is highly recommended you put the indicator at least on two different period chart windows. For example, if your trading style was a daily or swing trade, you may put it on H4 chart window and then put it on Daily chart window.
Signal confirmation is as follows:
- Possibility there will be a long trend when green bar appears on higher timeframe (daily chart window on example above) after orange bar, or short trend when red bar appears after orange bar.
- Then look at the lower period chart window (H4 chart window on example above), when green bars also appears and it is higher than previous green bar, we enter long position or when red bars also appears and it is longer than the previous red bar, we enter short position.
- Watch for the weakening price, when the green bar is shorter than the previous green bar, it means the long trend might be weakened or when the red bar is shorter than the previous red bar, it means the short trend might be weakened.
- Also watch for the strengthening price, when the green bar is higher than the previous green bar, it means the long trend might be continue or stronger and when the red bar is longer than the previous bar, the short trend might be getting stronger.
- When the orange bar appears after green bar or after red bar, it means the trend reversed. And then usually, the orange bars would appear several times and it means you are in ranging or choppy session and wait for another new green bar or red bar.