Atomic Analyst – accurate Price Action Indicator
Atomic Analyst is a non-repainting forex indicator based on the Strength and Momentum of Price Action, with advanced filters to filter out false signals and an interestingly implemented Smart Panel, especially I liked the sound effects. And all this joy is sold for some funny 200 dollars, but on our site, as always, you can download this indicator absolutely free.
Characteristics of the Atomic Analyst Indicator
Platform: Metatrader4
Currency pairs: Any currency pairs, recommended EURUSD, AUDUSD, XAUUSD
Trading Time: Any trading sessions
Time Frame: Any, recommended H1
Recommended broker: ICMarkets, XM, FBS
How does it work?
In the description on the seller’s website there is information that Atomic Analyst MT4 Indicator is based on PA Price Action Indicator that uses Strength and Momentum to find market entry points. I did not check it, but there is not much point in it. You can try to do it yourself and write in the comments, on the basis of what really this indicator forms signals.
atomic-analyst-mt4-indicator
The developer offers us a choice of 2 trading strategies based on this indicator (more details can be found in the User Manual, which is in the archive with the indicator):
Active trading
Passive trading with using VPS
The indicator has advanced filters, which are able to get rid of false signals, making trading even more profitable.
Special attention should be paid to the Smart Panel, where you will find information about the current trading session, trading account status, spread, bid and ask prices, trading statistics. There is a multi timeframe filter, which will show the direction of the current trend on different timeframes in the appropriate color. Button to turn alerts on and off:
atomic-analyst-smart-panel
Settings of the Atomic Analyst
Indicator settings mainly affect only the visual design and display of the panel and signals, the type of arrows and their color.
The indicator signals are affected by only one parameter – Price Strength (more details in the User Manual, which is available in the archive with the indicator).
The indicator displays both signal arrows and Take Profit targets and Stop Loss levels on the chart.
A short video review of the Atomic Analyst Indicator:
Brief summary
Basically, a trader only has to wait for a signal and enter the market. Very simple and clear. But how profitable this indicator will be, only trading and preliminary, of course, on a demo account will show. And only if this indicator shows itself profitable on a demo account and you gain a hand, then only then you can try it in trading on a real account, but with a sober mind and competent Money Management. Do not invest in forex trading the money that you can not afford to lose. And may the profit be with you!
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