Simple to use
well for intraday trading on all periods.
a sound signal
demonstrates a tool’s strength
The Working of Strength Candles Mt4 Indicator:
The strength of the mt4 currency pair it is applied to is measured by this indicator. On the M5, M1, M15, M30, H4, H1, and D1 periods, it operates flawlessly. When compared to H1 or higher periods, the strength of a currency varies quickly at lower mt4 timeframes. It presents the signal as a bar of two colors after calculating the strength of the mt4 currency at all intraday mt4 timeframes.
Red and green make up the scene.
The strength of the sell entry signal is represented by the red signal, while the intensity of the purchase entry signal is shown by the red signal.
The more percentage a color has in the chart bar, the stronger the signal.
Forex Trading Method Buy sells strength candles Indicator: For each period, pay close attention to the proportions of red and green on the chart bar.
An effective way to utilize this indicator in forex trading is
Buy entry at any timeframe when the proportion of green is more than 80% and the percentage of red is lower than 20%.
Sell entry at any period when the percentage of the bar that is red is greater than 80% and the percentage of the bar that is green is less than 20%.
The forex strength Candle indicator is without a doubt good and simple. Additionally, you may combine this with additional indicators, such as the MT4 Signal bars indication. However, you should never forget to control your risks and pay strict attention to your technical analysis.