Price Border Indicator

Price Border Indicator

Price Border Indicator For MT4 provides forex trading buy and sell alerts using a combination of half-length and ATR indicators

The price border indicator for MT4 combines ATR- Average True Range and Half length indicators to provide bullish and bearish forex trading signals. Since these two indicators provide signals at extreme market conditions the entry signals are mostly profitable. However, the indicator may have limited effect if the trend strength is too strong.

The indicator works well for all intraday chart time frames and also in daily, weekly and monthly charts. Moreover, it is suitable for new and advanced forex traders. Furthermore, the indicator works well in automated trading strategies and in technical analysis. However, the indicator recalculates according to changes in price.

Price Border Indicator For MT4 Trading Signals

The indicator plots the half length line as green and the upper ATR band as red dots, while the lower ATR bands are in blue. The best trading strategy is to buy and sell when the price moves beyond the outer bands and then reverses within the bands.

If price moves higher than the upper band and then reverses traders should enter the market with a sell trade. Traders can place a stop loss above the previous swing high and book profits if price hits the opposite band.

Similarly, traders should consider entering the markets with a buy position if price moves lower than lower band and reverses.
However, during strong market trends prices tend to continue its direction without reversing after hitting the outer bands.

Conclusion
In summary, the Price border indicator for MT4 helps forex traders to identify profitable trading signals using the ATR and half length; however, traders should forward test it before trading in LIVE market conditions.