Forex Indicator Pro

Forex Indicator Pro

Forex Indicator Pro is an excellent indicator for determining the market direction and catching trend reversals. It is simple to read and free to use. You only need to know what the arrows signify.

The Forex Indicator Pro is non-repaint MT4 indicators that gives clear buy and sell signals by posting arrows. The indicator is specially designed for scalping. This means it works best for 5 min and 15 minutes time frames. However, you can use the indicator on a daily timeframe.

As the name suggests, the indicator is mostly used for trading the forex market and works on other instruments, including stocks and cryptocurrencies.

How to Use the Forex Indicator Pro to Buy and Sell
As mentioned, the indicator gives straightforward buy and sell signals.

Buy Signal
Buy when the indicator draws a green arrow. Note that the signals expire after three candlesticks. You should enter the trade swiftly.

Sell signal
Sell signals occur when the indicators post red arrow. The signal expires after three candlesticks.

Trading Example with Forex Indicator Pro

The indicator shows price movement for Euro against the Swiss franc. The buy signal occurs when the indicator posts a green buy arrow, as shown in the picture. Similarly, a red arrow signifies a sell signal.

Conclusion
This indicator is a suitable technical tool for easy and quick trading signals. It is ideal for newbie traders trying to learn the ropes of trading and experienced traders who don’t have enough time for analysis. Ensure you use other technical tools to filter false signals.