Ultimate indicator Pro
Ultimate indicator Pro is a powerful indicator that works in both trend and non-trend market conditions.
This indicator is ideal for scalp trades as well as swing trades. Ultimate indicator Pro is not just an indicator,
but the trading strategy itself. It does not require any additional indicators to set up trading.
When you deploy the indicator on the chart, you will see two lines. A thick line is a "trend line". A thin pink line is a "signal line", and for clarity there are arrows, they are not redrawn!
The trend line is used to determine the trend and is also used to enter the market. The signal line is only used to enter the market.
"Trend line or thick line" is used to predict the market trend. When the thick line falls below the lower level (Level 20) and rises, it means that market conditions become bullish. When a thick line rises above the upper level (level 80) and falls, it means that market conditions become bearish. If the thick line is below level 20 and does not rise above level 20, it means that the market is bearish. If the thick line is above the 80 level and does not fall below the 80 level, it means that the market is bullish.
"Signal line or pink line" is used for records only. If the thick line remains above the 80 level (bull market) and the pink line falls below the 20 level, then this could be a potential time to enter the market and enter long positions. If the thick line stays below the 80 level (bear market) and the pink line goes above the 20 level, then this could be a potential time to enter the market and short. The pink line or signal line helps traders to control the trend and also helps traders to enter the market with a tighter stop loss. You can place a stop loss just a few pips above or below the entry or the last highest high or lowest low.
Although no additional indicator is required, you can definitely combine other indicators with Ultimate indicator Pro to form your trading strategy.
Avoid trading during high volatility / important news!.it is very useful to master this indicator. Practice and test your strategy before going live.
all successes, and luck!
- Average 1 period;
- Average 1 method;
- Average 1 price;
- Rsi period 2;
- Average 2 period;
- Average 2 method;
- Average 2 price;
- Turn alerts on?;
- Alert on still opened bar for "touches"?;
- Alerts should display message?;
- Alerts should play alert sound?;
- Alerts should send email?;
- Alerts should send notification?;
//General and display settings//
- Level UP;
- Level DOWN;
//Display arrows on chart//
- Arrows display mode;
- Objects on chart ID;
- Color for signal up;
- Color for signal down;
- Arros size;
- Main value line width;
- Signals value line width;
- Neutral color;
- Color above level UP;
- Color bellow level DOWN;
- Interpolate in multi time frame?.