Chart Angles V3 Indicator

Chart Angles V3 Indicator

Learn how to use the Chart Angles V3 Indicator to enhance your forex trading Performance. Suitable for any technical trading strategy & applicable to MTF charts

The Chart Angles V3 Indicator determines changes in market trends by tracking the price correction cycles. It is a classic MT4 indicator that works on MTF charts and works for any forex currency pair in the market.

If you’re price-action trader who considers trend reversal positions as potential buy-sell opportunities, then this indicator can make a significant improvement in your trading performance.

This guide explains how to apply the Chart Angles V3 Indicator to determine solid trading opportunities in all market conditions.

How to Trade Forex & Stocks Using The Chart Angles V3 Indicator in MT4

Chart Angles V3 Indicator applies short and long-term step-MA crossovers to determine current trends and trend-reversal signals. The blue MA exceeding the green zigzag line with a positive indicator value suggests a bullish market. Conversely, the indicator plots an opposite crossover and shows a negative chart angle value to confirm a bearish trend.

While entering a buy or sell order, use the chart angle signals with trendlines or horizontal support/resistance levels for better decision-making. In the above EUR/USD chart, the indicator signaled a bullish crossover when the price rejected the trendline support, which we can consider a trend-following buy entry opportunity.

Apart from traditional support resistance and daily pivots, you can also consider dynamic price levels like simple/exponential moving averages to enhance the success probability.

Conclusion
The Chart Angles Indicator can be a super addition to your current trading strategy if you know how to relate its trend signals with price action patterns on the chart. According to our review, this MT4 tool works best when combined with price-level indicators and moving average crossovers in higher timeframes.