SFT Buy Sell Pendulum | Forex indicator for MT4
Arrow indicator showing market trends
The histogram shows the direction of movement, and the arrows indicate favorable points for opening positions.
Can be used on any currency pairs, metals and cryptocurrency
Suitable for working with binary options
Distinctive features
- Defines a change in trend;
- Works on all timeframes and on all symbols;
- Suitable for trading currencies, metals, options and cryptocurrency (Bitcoin, Litecoin, Ethereum, etc.)
- Suitable for manual trading and for developing advisors.
For more accurate inputs and additional confirmation signals can be used in conjunction with other indicators.
Indicator Settings
- Buy Sell Pendulum Period - indicator period;
- Chart Depth - the depth of the indicator on the chart;
- Alert Message - display messages on the screen and sound confirmation of the signal;
- Alert Email - sends signals to the mail, instructions for setting up the terminal here ;
- Alert Mobile - sends to the phone, via the installed mobile terminal, instructions for setting up here ;
Trading Recommendations
- Red histogram - price reduction is possible.
- Blue histogram - possible price increase
- When an arrow appears on the blue histogram, open Sell or Put (for options)
- When an arrow appears on the red histogram, open Buy or Call (for options)
- The trade direction should correspond to the trend direction on a higher timeframe.
- Exit the transaction in the opposite direction or according to the established SL and TP.
- When using SL and TP, it is advisable to set the SL for the nearest extremum, TP = 1..2 SL.
There are other options, in the process of trading you can develop the most convenient tactics for you.
For more information and a more detailed overview of trading methods, see here:
Trading strategy with SFT Buy Sell Pendulum indicator
We wish you a stable and profitable trade.
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