Sixty Second Trades Indicator

Sixty Second Trades Indicator

Sixty Second Trades indicator determines market high-low & verifies price rejections at support/resistance levels. Suits MT4 trendline & pivot trading strategies

The Sixty Second Trades MT4 indicator is a simple yet effective indicator that works based on the principle of price action. The indicator identifies short-term trends and provides traders with market entry and exit signals, ideally for scalping and day trading. It represents a combination of average directional index (ADX) and stochastic oscillator.

This article will explore how the Sixty Second Trades works and how to use it to your advantage in MT4 trading.

How To Determine Buy-Sell Signals Using The Sixty Second Trades Indicator in MT4

The Sixty Second Trades indicator applies red and green fractal dots to signal possible price swing points on the chart. After installing it on MT4, you can apply it on any timeframe you wish to trade.

When the indicator plots a red dot above a candlestick-high, consider it a bearish trend signal. Conversely, a green dot below the candlestick-low indicates a bullish trend. Since the indicator only signals the possibility of a trend reversal, it’s essential to verify the potential price swing zones using support/resistance and trendlines.

In the above GBP/USD hourly chart, the price rejected the horizontal support line several times. When the chart plotted a bullish pin bar right above the support with a green dot, we considered it a buy signal setup.

Conclusion
The sixty second trades indicator is a powerful tool that can help you to navigate the fast-paced world of short-term trading in MT4. By understanding how it works and how to filter its signals, you can use it to perform technical analysis of any forex currency pair. Follow the tips outlined in this article and apply the strategy in a disciplined manner to maximize your chances of success with the sixty second trades indicator.