The Magnified Market Price Indicator is a technical analysis tool used in the Forex market that magnifies price movements to identify potential trading opportunities.
It plots two lines on the chart, one representing the actual price and the other representing a magnified version of the price.
Magnified Market Price Indicator Overview
This indicator allows traders to see potential trading opportunities more clearly.
Traders can use this indicator to identify potential entry and exit points, spot possible trend reversals, and take advantage of price movements that may have gone unnoticed.
It can be customized to suit individual preferences by adjusting the time frame and length of the magnified line.
The Magnified Market Price Indicator is a valuable tool for short-term traders looking to make instant buy-sell decisions based on potential price actions on multiple time frame charts.
However, it should not be used as a sole trading indicator, but in conjunction with other tools and strategies.
Magnified Market Price Indicator Explanation
The magnified line is calculated based on the difference between the current price and a moving average of prices over a specified period.
This creates a line that magnifies the price movements and makes it easier for traders to spot potential trading opportunities.
Traders can use the Magnified Market Price Indicator to identify potential entry and exit points, as well as possible trend reversals.
By tracking the magnified line, traders can also take advantage of price movements that may have gone unnoticed on the regular price chart.
Magnified Market Price Indicator: Buy Conditions
- The magnified line crosses above the actual price line
- Both lines are moving upwards
- Strong upward movement of the magnified line
- The steep upward slope of the magnified line
Also Read: Trade with Oanda (for US Traders)
Magnified Market Price Indicator: Sell Conditions
- The magnified line descends below the pricing line.
- Both lines are descending.
- The magnified line is moving strongly downhill.
- The magnified line has a sharp downward slope.
