The FX Pulse 4 Indicator is a technical and fundamental analysis tool designed for traders using the MetaTrader 4 platform.
It helps traders identify potential entry and exit points, trend reversals, and market sentiment by analyzing multiple timeframes simultaneously.
FX Pulse 4 Indicator Overview
The indicator measures the strength of a currency pair’s price movements by calculating the difference between the current and average prices over a specified period.
It also displays current news events and economic data releases that can impact price movements.
The FX Pulse 4 Indicator trading strategy involves matching the trend signals shown in multiple timeframes with the released news event to identify potential buy or sell opportunities.
FX Pulse 4 Indicator Explanation
The FX Pulse 4 Indicator measures the difference between the current price and the average price of a currency pair over a specified period to provide insight into the strength of the trend.
It also displays a trend detector panel that shows blue dots when the trend is bullish and red dots when the trend is bearish across multiple timeframes, ranging from 5-minute to daily charts.
Traders can use the FX Pulse 4 Indicator to identify potential entry and exit points, trend reversals, and market sentiment by analyzing multiple timeframes simultaneously.
FX Pulse 4 Indicator: Buy Condition
- Look for blue dots in most timeframes on the Trend Detector panel.
- Wait for hawkish news on the target currency.
- Place a buy order based on the identified trend and news.
- Exit the buy order when most of the dots turn red.
Also Read: Trade with Oanda (US Traders)
FX Pulse 4 Indicator: Sell Condition
- On the Trend Detector screen, look for red dots in the majority of timeframes.
- Anticipate bad news on the target currency.
- Based on the detected trend and news, place a sell order.
- When most of the dots have turned blue, cancel the sell order.
