Free Forex Indicators (MT4), Trend Following Indicators

PAFX Secret Indicator

The PAFX Secret Indicator is a popular technical analysis tool used by traders to identify potential trading opportunities in the financial markets.

The indicator shows Buy and Sell signals from a particular trade. It histogram shows the trading momentum. A series of ascending and declining bars show the histogram.

PAFX Secret Indicator Overview

The indicator plots a MACD histogram and generates buy and sell signals based on its position relative to the zero line.

This indicator demonstrates market momentum over a specific time frame and directs traders as to when to enter a trade.

PAFX-Secret-Indicator-Overview

While the PAFX Secret Indicator can be useful, it should not be relied on exclusively and traders should always consider other factors and employ proper risk management techniques.

PAFX Secret Indicator Explanation

The PAFX Secret Indicator is displayed as a histogram in the side window of a chart and consists of upward or downward bars. The height of the bars represents the strength of the market’s momentum, with taller bars indicating a stronger trend.

PAFX-Secret-Indicator-Chart-Explanation

The position of the histogram relative to the zero line is also important, as it generates buy and sell signals.

When the histogram is below the zero line, it indicates a potential buying opportunity, and when it is above the zero line, it indicates a potential selling opportunity.

Also Read:

PAFX Secret Indicator: Buy Condition

PAFX-Secret-Indicator-Buy-Signal
  • The histogram of the indicator is below the zero line.
  • The bars of the histogram is plotted below the zero line.
  • Confirm the signal with other technical analysis tools or market factors.
  • Stop loss below the nearest support level
  • Take profit at the nearest resistance zone

PAFX Secret Indicator: Sell Condition

PAFX-Secret-Indicator-Sell-Signal
  • The histogram of the indicator is above the zero line.
  • The bars of the histogram is plotted above the zero line.
  • Confirm the signal with other technical analysis tools or market factors.
  • Stop loss above the nearest resistance level
  • Take profit at the nearest support zone.
Share:

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

Leave a Comment

About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
RoboForex Welcome Bonus