Hey there, fellow traders! I'm excited to share the updated version of our popular buy/sell indicator, which you can find at this link.
How It Works:
This indicator operates on a simple yet effective logic. It calculates the number of bars on your chart, and based on the histogram, it draws an arrow. This arrow is further confirmed when the next opening bar's price is higher for a buy signal or lower for a sell signal. When both conditions align, the indicator triggers an arrow on your chart.
Essentially, it captures price behavior changes. When an arrow appears, it signals that the price is likely to shift direction within a sequence of five bars. The central bar within this sequence will have either a higher maximum (for a buy signal) or a lower minimum (for a sell signal), indicating the position of the arrow.
We've also added some handy features! You’ll receive a sound pop-up alert and an email notification whenever a signal is generated, so you won’t miss a beat.
Recommended Timeframe: 1-hour charts work best for this indicator.
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