Forex Prediction Indicator

Forex Prediction Indicator
A suitable tool for forecasting future price movement. Shows the market behavior accurately.

CATEGORIES: TREND, MT4, SIGNAL, INFORMATIONAL
Updated on: 27.10.2023

Profiting from forex trading involves predicting the future price movement. Making correct market forecasts can help you take advantage of market opportunities and make handsome profits. In other words, you profit greatly when the trade goes in your direction. But you can’t make predictions with utmost accuracy; trading is largely speculative. What if I tell you there is a tool that can predict the future price trend? As the name implies, the Forex Prediction indicator for MT4 is designed to forecast the trend of any instrument. The indicator measures the strength between the buyers and sellers. It then displays results in a separate window below the main chart.

You can use the indicator on seven different time frames ranging from one minute to daily timeframes. Whether you are a scalper of a swing trade, this indicator will appeal to you. However, it works best for scalpers and intraday traders. If you are a swing trader, you should consider confirmation from other indicators and technical tools.

How to Use the Forex Prediction Indicator

Using the indicator is a breeze. It shows the strength of buyers and sellers in the market. You should enter a long position if the bulls are in control of the market and vice versa. Essentially, the indicator displays a separate window below the main chart. The window is characterized by blue bars showing bull strength, while the brownish color shows the bears control the market.

In addition, it displays an arrow in real-time showing whether the price is headed up or down.

How to Buy and Sell Using the Indicator Forex Prediction
The indicator gives a buy signal when there are more buyers than sellers. Moreover, the indicator displays an arrow pointing upwards on the price chart on the main chart.

The sell signal occurs when the sellers are dominating the market. The indicator shows bear strength on a separate window below the main chart. If the arrow points downwards, that is a tell-tale bearish sign.

For exit strategy, place a stop loss under the recent swing low and take profit near the next resistance or support level. You can also use a 1:3 Risk-reward ratio for your exit strategy.