Introducing the Curves Arrows Forex trading technical indicator. This is a very simple tool coded to capture the short swings of the market. The best advantage of using the curves arrows indicator is that you can use it to capture swings on any timeframe and on any currency pair. The best piece of advice in using any indicator is that you have to be able to define the trend without depending on any indicator, then it will be easy for you to use any system especially those which consider the trend direction before giving signals.
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Install Curves Arrows Indicator, your chart should look like this;
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The curves arrows indicator comprises of two moving averages which move side by side just like a channel. However, you don’t have to pay attention to the channel because the arrows have made the job even much easier. You can just focus on the red and blue arrows, when you see the red arrow be ready to sell and when you see the blue arrow be ready to sell. Always remember the overall trend direction so that you can simply ignore arrows pointing against the trend.
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Conditions for busing Using Curves Arrows.
- The market should be up trending.
- A blue arrow should appear below the market price.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when you see a red arrow above the market.
Conditions for selling Using Curves Arrows.
- The market should be down trending.
- A red arrow should appear above the market price.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when you see a blue arrow below the market.
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