Forex Price Degrees Trend Alerts Indicator

Forex Price Degrees Trend Alerts Indicator

Forex Price Degrees Trend Alerts Indicator:

This indicator will write value degrees of the lastest position of price at the current timeframes, and when position and condition of trend status was changed, the indicator will give an alerts.

The Price Degrees indicator is not a direction indicator for BUY or SELL instruction, but a measure of position, direction and condition of the trend status accordance to the current trading timeframes.

If the theory of degrees is applied to the forex charts trading terminal, then price position can be divided in 4 ranges of degrees:

  1. => 270 degrees to 310 degrees, is position of Strong Bearish.
  2. => 315 degrees to 360 degrees (0 degrees), is a position of Bearish.
  3. => 0 degrees to 45 degrees, is a position of Bullish.
  4. => 50 degrees to 90 degrees, is position of Strong Bullish.

This indicator will write value degrees of the lastest position of price at the current Timeframes, and when position and condition of trend status was changed, the indicator will give an alerts.

Description of Color indicator:

  • Rounded blue, and arrow blue, Status Trend is Strong Bullish.
  • Rounded blue, and arrow aqua, Status Trend is Bullish Weakened.
  • Rounded aqua, and arrow blue, Status Trend is Bullish Strengthened.
  • Rounded aqua, and arrow yellow, Status Trend is Began to Bearish.
  • Rounded yellow, and arrow aqua, Status Trend is Began to Bullish.
  • Rounded yellow, and arrow red, Status Trend is Bearish Strengthened.
  • Rounded red, and arrow yellow, Status Trend is Bearish Weakened.
  • Rounded red, and arrow red, Status Trend is a strong Bearish.

Forex Price Degrees Trend Alerts Indicator

What does Forex Indicator mean?

A forex indicator is a statistical tool that currency traders use to make judgements about the direction of a currency pair’s price action. Forex indicators come in many types, including leading indicators, lagging indicators, confirming indicators and so on. Popular forex indicators include moving averages, relative strength index (RSI) and average true range (ATR). A forex trader must choose the indicators that fit his or her trading strategy.

How to install Forex Price Degrees Trend Alerts Indicator?

  • Download Forex Price Degrees Trend Alerts Indicator.zip
  • Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex indicator
  • Load indicator on your chart

How to uninstall Forex Price Degrees Trend Alerts Indicator?

To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.

Download Free Forex Price Degrees Trend Alerts Indicator

Leave a Comment

Hey.lt - Nemokamas lankytojų skaitliukas