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Trade Confirmed Indicator - 10 data points for buy or sell signals
Trade Confirmed Indicator is based on the use of a price action pattern in combination with some 10 data points measured in real time. In simple words, we have an indicator based on the PA pattern with a filter that determines the current trend direction. The indicator has an alert about the exit from a position, implemented in the form of secondary signals of the opposite direction (more on this below).
Characteristics of the Trade Confirmed Indicator
Platform: Metatrader4
Currency pairs: Any currency pairs, recommended major
Trading Time: Any trading sessions
Time Frame: Any
Trading rules
The indicator has a panel showing the current trend direction in percentage terms. This serves as a filter for opening a position. Signals for opening a position are of two types: a small arrow and a large arrow. I suggest not to consider the small arrow as a signal to open a position, as it sometimes appears with a delay. It should only be used as a signal to exit a trade. Only a large arrow can serve as a signal to enter.
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