Price Movement Degrees Indicator

Price Movement Degrees Indicator

Price Movement Degrees Indicator For MT4 identifies the forex trend direction based on the degree of inclination of price in the current price chart

The Price movement degrees indicator for MT4 calculates the angle of price movement on a current price chart. Furthermore, it provides trend changes and provides buy and sell forex trading alerts. Forex traders can identify the price trend and trend strength based on the angle of inclination of the price and devise trading strategies accordingly.

The indicator is simple to use and is easy for new and advanced forex traders. Additionally, traders can use this indicator to formulate automated trading strategies. It works well in all intraday price charts and the daily, weekly and monthly price charts.

Price Movement Degrees Indicator For MT4 Trading Signals

The indicator plots various colored lines based to differentiate the angle of price movement. Additionally, it plots red line on the current price wave. It displays current candle time and the time remaining for the next candle opening. The trading strategy is to enter the markets based on the trading alerts.

If the indicator provides a buy alert, traders should enter the markets with a stop loss below the next two angle lines to secure this position. Additionally, traders can book profits at opposite trading signal.

Traders can follow a similar trading strategy in the bearish trading signal. A sell position with a stop loss above the next two angle lines would secure the trading position.

Traders should note that the angles change pretty quickly when price reacts faster, particularly during news releases.

Conclusion
In summary, the price movement degrees indicator for MT4 helps forex traders to identify the trend direction and strength based on the angle of the price movement.