Show 123 Indicator

Show 123 Indicator

Show 123 indicator for mt4 – download free. Best trend breakout indicator. Support and resistance indicator. Trend reversal indicator for mt4.

Categories: MT4, Signal, Levels

The Show 123 indicator for MetaTrader is a zig-zag-like indicator for identifying potential trend reversal/breakout levels in any financial tradable asset. This is a technical indicator ideal for both trend and counter-trend forex traders.

The idea behind the Show 123 indicator is to assist you to spot potential trading opportunities when the price breaks a recent high/low of an asset.

Furthermore, the indicator can be of help to novice and experienced traders alike. Besides, it is also suitable for scalping, and day and intraday trading.

Show 123 Indicator BUY/SELL Signals

The above screenshot depicts how the indicator would look on your MT4 chart. It also shows how to identify a good trade setup and entry.

The Show 123 indicator comes with a LIME and RED numbering to indicate different market levels. The LIME numbers indicate bullish price levels in the market, while the RED numbers show bearish price levels.

BUY Setup: Firstly, wait for the indicator to identify the three markets (1, 2 and3) levels which would be painted with a LIME color. Next is to wait for the price to return to LEVEL 2, break and retest it before opening a BUY trade.

SELL Setup: Firstly, wait for the indicator to label the three markets (1, 2 and3) levels with a RED color. Next is to wait for the price to return to LEVEL 2, break and retest it before opening a SELL trade.

You may refer to the above screenshot to get a better grasp.Furthermore, Take Profit and Stop Loss are discretionary to your trading style. Ensure to keep them realistic.

Conclusion
The Show 123 Indicator for MT4 is a tool that would help you to find tradable setups in a trending and counter-trend market situation. Finally, the indicator is free to download.