
PZ Swing Trading – indispensable tool for swing trading
PZ Swing Trading is an indicator designed specifically for swing trading. It unerringly identifies swings in the direction of the trend and possible reversals. Algorithm of indicator PZ Swing Trading analyzes several vectors of price and time, and by results of analyzes determines the final direction of the trend. The indicator also determines overbought and oversold conditions of the market and its possible correction.
A bit of theory. What is trading on swings? It's a style of trading when the trading positions open from one day to a week (sometimes longer). Swing traders use technical analysis to buy when the currency pair is weak, and sell when it is strong. Thus the trader must have the patience to wait for the onset of such a moment, because to buy just makes sense after a wave of sales rather than in the period of sale.
Characteristics of PZ Swing Trading
Platform: Metatrader4
Currency pairs: Any currency pairs (recommended Major)
Trading Time: Around the clock
Timeframe: D1, W1