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The forex strength candles buy sell indicator is the tool we use to assess the candle strength at all intraday and daily mt4 timeframes.
It is a straightforward and highly effective forex indicator. This forex indicator is simple to use, even for those who are new to forex trading.
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Features
- Simple to use
- well for intraday trading on all periods.
- a sound signal
- demonstrates a tool’s strength
Indicator Settings:
The Strength Candles Indicator options are listed below, where you can modify the offset values and color of each visual.
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 timeframes, the strength of a currency varies quickly at smaller 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 strength of the purchase entry signal is indicated by the red signal.
The signal is stronger the more percentage of a color there is in the chart bar.
The ratio of red to green in the chart bar for each timeframe should always be observed.
An effective way to use this indicator in forex trading is
buy signal
Purchase a position if the percentage of green is greater than 80% and the percentage of red is lower than 20%, regardless of the timeframe.
Sell signal
When the percentage of green color is less than 20% and the percentage of red in the bar is greater than 80%, a sell entry is made.
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 | No Minimum Deposit ECN Acount No Commission | |
 | Min Deposit of 20$ |
There is no denying the excellence and simplicity of the forex strength Candle indicator. 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.
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