VWMA+CG 4C AA MTF TT delivers an ultimate guide to its users on entering the market within the current trend and the exits as well. Its proven track record with a maximum level of winning rates has placed it among the best Forex indicator’s clubs. Its simplicity of chart display and easy method of use has made an extra attraction for the newbie traders.
VWMA+CG 4C AA MTF TT is usable to trade all kinds of Forex currency pairs available at the trading terminal. Besides, you’ll be able to apply it at any timeframe chart for trading purposes. Therefore, traders of any length can use and be benefited from this effectively well Forex trend indicator.
VWMA+CG 4C AA MTF TT Overview
After you install the VWMA+CG 4C AA MTF TT at your Forex MT4 platform, your trading chart will appear as the following image:
VWMA+CG 4C AA MTF TT works as another prominent indicator “Bollinger Bands”. Its lower range works as current support and upper range as the current resistance. The mid-band works as the trend decider. Price holds above the mid-band signals the bullish strength and if holds below the level then signals the bearish thrust of the current market trend. An upward/downward arrow is also plotted to confirm the market entry according to the direction of the decided trend.
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VWMA+CG 4C AA MTF TT: Buy Parameters
- Price is supported by either the lower or the mid-band of the indicator
- Buy triggers whenever an upward arrow is plotted meeting the above condition
- Place the stop loss limit below the lower band or below the current swing low of the market
- Exit long/take profit once a downward arrow is plotted
VWMA+CG 4C AA MTF TT: Sell Parameters
- Price is resisted by either the upper or the mid-band of the indicator
- Sell triggers whenever a downward arrow is plotted meeting the above condition
- Place the stop loss limit above the upper band or above the current swing high of the market
- Exit short/take profit once an upward arrow is plotted