One of the main components of successful trading is the correct determination of the direction of the market.
This indicator shows the general direction of the price movement and is colored in the appropriate color.
Allows you to conduct trend and counter trend trading
It works on all timeframes, on all currency pairs, metals and cryptocurrencies
It can be used when working with binary options
- Does not redraw;
- Simple and intuitive settings;
- Works on all timeframes and all symbols;
- Suitable for trading currencies, metals, options, and cryptocurrencies (Bitcoin, Litecoin, Ethereum, etc.).);
- Suitable for manual trading and for developing Expert Advisors;
For more accurate inputs and additional signal confirmation, you can use it in conjunction with other indicators.
- Trend Tape Period – the period of calculation of the indicator, the smaller the number, the more sensitive;
- Trend Tape Smoothing-smoothing mode, for more conservative and long-term trading;
- When the indicator is colored red, only Sell or Put positions are considered for opening (for options)
- When the indicator is colored blue, only Buy or Call positions are considered for opening (for options)
- When the indicator is colored yellow, you should refrain from opening any positions
- The direction of the trade should correspond to the direction of the trend on the higher timeframe.
- It has proven itself well in working together with the SFT Fractal Support and Resistance indicator
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Other options are also possible, and you will be able to develop the most convenient tactics for you in the process of trading.
For more information and a more detailed overview of trading methods, see here:
We wish you a stable and profitable trading.
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