ExtraSlowChline - long or short?
Trend indicators are nowadays considered to be a kind of standard and a minimum that should not be missing even in the worst trading analysis.
- Trend potential indicator
- User Intensity: simple
- Usability: Commodities, Oil, Forex
- Compatibility: MetaTrader 4
- Free indicator updates
Trading with the indicator
Today's indicator is not primarily used to accurately inform about the timing or appropriate situation for entering a trading position. It is in fact a modified trend indicator whose curve represents the dividing line between rising and falling potential, which means that when the price is above the line, the rising potential prevails and it is usually preferable to make long entries and, conversely, when the price is below the line, it is usually preferable to enter short positions.
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