BT CS Indicator

BT CS Indicator

BT CS Indicator For MT4 is the best technical analysis tool to identify bullish and bearish currency pairs and provides buy and sell forex trading signals

The BT CS indicator for MT4 is currency strength meter and provides buy and sell recommendations based on currency strength and weakness. So, forex traders can rely on the strength of a currency and pit the strongest currency against the weakest. This trading strategy identifies the strength of individual currency rather than the pairs to derive trading signals.

The indicator dashboard provides comprehensive comments based on the highest and lowest value of currency pairs. It is simple and suitable for new and advanced forex traders. The indicator works well in all chart time frames and calculates the strength based on the applied chart time frame.

BT CS Indicator For MT4 Trading Setup

The indicator provides the strength values of the 8 currencies. Furthermore, it lists the pairs according to the strength from highest to lowest. Additionally, it provides a separate column with all bullish pairs and another with bearish pairs. Furthermore, the buy and sell signals of correlation pairs are listed in the next column.

Traders can buy once the pairs with the highest value under the long column with a stop loss below the previous swing low. On the other hand, traders should enter the market with a sell trade on the pair with highest value under the sell column.
The indicator does not provide and stop loss or take profit values. So, traders should book profits or exit if the currency pair changes its value significantly in the opposite direction.

Conclusion
The BT CS indicator for MT4 provides forex trading signals based on the trading strategy of buying the strongest and the selling of weakest. Moreover, it is an excellent tool to combine with other indicators for technical analysis.