Platinum Indicator

Platinum Indicator

Platinum Indicator for MT4 provides arrow-based Bullish and Bearish signals. Simple and easy BUY, SELL forex trading signals.

The Platinum indicator for MT4 is a very simple indicator that displays Bullish and Bearish arrow-based forex trading signals. So, forex traders can benefit from these signals and BUY and SELL accordingly.

However, for best results, the indicator should be used in conjunction with other technical tools like support, resistance, trend lines, and channels.

The indicator is best suited for new and advanced forex traders. New forex traders can benefit from the simplicity of the arrow trading signals. While advanced forex traders can use the indicator in confluence with other technical indicators to formulate sound technical trading strategies.

Furthermore, the indicator can be used for automated trading strategies. Additionally, the indicator works well in all intraday time frames as well as the daily, weekly, and monthly price charts.

Platinum Indicator For MT4 Trading Signals

The above GBPUSD H1 price chart displays the Platinum indicator for MT4 in action. The indicator plots the BULLISH and BEARISH arrow trading signals in GREEN. Forex traders can adjust the frequency of the arrow trading BUY and SELL trading signals by adjusting the risk level in the indicator settings. For best trading results, forex traders should wait for the candle close to confirm the signal of the current candle.

Forex traders should act upon if the indicator provides the GREEN upward arrow. This arrow indicates the start of a Bullish market condition. In this case, forex traders should enter the market with a BUY position. As a risk management strategy forex traders shall exit the position with a stop loss if the price moves above the recent swing low. On the other hand, it’s a good practice to exit this position with a good risk and reward ratio. Similarly, an opposite trading signal indicates the end of the current Bullish market condition and warrants an exit with profits.

Similarly, forex traders can look for a GREEN down arrow. This arrow shows the beginning of a Bearish price trend so, forex technical traders can take a SELL trade. The SELL trade can be secure with a stop loss above the previous swing high. However, forex traders can look to exit the position with profit with an opposite trading signal as it indicates the end of the Bearish market trend.

Top-down technical analysis is a well-researched and successful trading strategy adopted by many successful forex traders. The Top-Down analysis approach in technical analysis uses the higher time frame price chart to identify larger price trends while using the lower time frame price charts to identify the best entry point. Platinum Indicator for MT4 is best suitable for Top-Down price analysis.

Conclusion
The Platinum indicator for MT4 is a simple yet powerful indicator for successful forex trading. The Bullish and Bearish trading signals help both new and advanced traders to BUY and SELL easily. However, technical traders should include price action for additional confirmation. Additionally, forex traders can download the indicator for free and install it easily.