KusKus Stop Indicator

KusKus Stop Indicator

The KusKus Stop indicator for MT4 is a zigzag-like technical trading tool that identifies swing highs and lows of the price.

The KusKus Stop indicator for MetaTrader 4 is a zigzag-like technical trading tool that identifies swing highs/lows of the price. It was built with algorithms that detect and connect swing zones from past price data.

It is important to note that peak zones (highs/lows) are potential levels of the price that tend to act as support/resistance, especially when broken and retested. Hence, the indicator would be beneficial to different categories of forex traders (novice, intermediate, and advanced) in identifying higher highs/lows as well as the peak zone without a hassle.

Furthermore, you can use the swing highs/lows marking of the indicator to identify trading opportunities to scalp, day/intraday, or swing any financial asset. However, do ensure to use the KusKus Stop indicator along with price action/other technical trading tools for better results.

How to Trade With the KusKus Stop Indicator

The above image depicts the action of the indicator on a EURUSD currency pair in the H4 time frame. It illustrates how a high-probability buy signal/entry was identified using the indicator in synergy with price action.

Firstly, the image shows that the price printed double bottoms, which suggests a trend reversal to the upside. Furthermore, the price broke out of the swing high (that was identified by the indicator), which also depicts a possible bullish move. Finally, the price retested the breakout zone and closed with a strong bullish candlestick, which doubles as the buy entry.

Conclusion
The KusKus Stop indicator for MT4 is essentially a technical trading tool that identifies and draws swing highs and lows of the price. Finally, it is free to download.