Nonlagdot Non Repaint Indicator

Nonlagdot Non Repaint Indicator

Nonlagdot Non Repaint Indicator For MT4 simple BUY and SELL forex trading non-repainting signals based on dot color change.

The Nonlagdot Non Repaint Indicator For MT4 is a non-lagging dot indicator that shows forex BUY and SELL trading signals. The indicator is simple to use and the trading signals are based on the color change of the dots. As a result, forex traders can identify the BULLISH and BEARISH market trends immediately and act upon them.

The indicator is best suitable for new and advanced forex traders. New forex traders can enjoy the simplicity of the trading indicator and enjoy the results.

On the other hand, advanced forex traders can use the indicator in confluence with other indicators for the confirmation of the trend direction. The indicator can be applied to all price charts and can be helpful for top-down technical analysis.

Nonlagdot Non Repaint Indicator For MT4 Trading Signals

The above AUDUSD M30 price chart shows the Nonlagdot Non Repaint Indicator For MT4 in action. The indicator shows the BULLISH dots in GREEN and the BEARISH dots in RED. The interpretation of the trading signals is pretty simple. The presence of GREEN dots on the price charts indicates a BULLISH market trend. While the presence of RED dots indicates a BEARISH price trend.

If the dot changes color to GREEN forex traders can enter a BUY position with a stop loss below the previous swing low. The best take-profit method is to book profits with a good risk-reward ratio or upon an opposite trading signal.

Similarly, if price changes from BULLISH into BEARISH trend the indicator plots a RED dot on the price chart. So, forex traders should enter the market with a SELL trade with a stop loss above the previous swing high. Traders can book profits at an opposite signal or good reward ratio.

The indicator works well for top-down technical analysis as the indicator can be applied to all price charts. The higher time frame price charts tend to provide long-term trading signals that are stable. So, forex traders can use the higher time frame price charts to identify the long-term price trend and use the lower time frame price charts to identify the best entry point. Similarly, traders should ignore the short-term trading signals and choose to only trade those signals in line with the higher time frame. This allows the technical trader to stay in the direction of the trend while avoiding counter-trend trading.

Conclusion
The Nonlagdot Non Repaint Indicator For MT4 is a non lagging indicator and is better in producing results than other lagging indicators. Furthermore, the indicator does not repaint, the combination of both these features helps the forex traders to apply the BUY and SELL the trading signals with confidence. Additionally, forex traders can download it for free and install it easily.