Introducing the Bat ATR Buy and Sell Forex Trading Indicator. This is a very advanced indicator, it has been developed for intermediate and professional traders. This indicator is also an Average True Range (ATR) based indicator. This indicator is excellent in capturing one-way swings in trading range markets and capturing long-term swings in trending markets.
Even though it works in both trending and non-trending markets, this indicator produced significant results when tested on short-term trading. That means instead of trying to catch 2 to 5 swings in a single trade, just increase your timeframe and focusing on catching just one swing.
Install the Bat ATR Buy & Sell Forex Indicator, your platform should look like:
The Bat ATR Buy & Sell indicator has a red and blue line above and below price action. The red line appears above price action indicating selling activity.
The blue line appears below price action indicating buying activity. This indicator also has its own template, here the bear candles are white and the bull candles are blue. Using the Bat ATR Buy & Sell indicator with other indicators will provide you with an edge.
It’s always recommended that you have some insight about market trends to use any technical indicator, this one is no exception, and you need to at least be able to spot support and resistance on a price chart. Easily install support and resistance indicator on your platform and it will draw the price zones for you.
A system like that wouldn’t fail because you will be getting buy/sell signals from the Bat ATR Buy and Sell indicator, and confirming a buy is on support or a sell is on resistance.
Buying Conditions Using Bat ATR Buy and Sell Indicator
- The trend must be bullish.
- The Bat ATR Buy & Sell indicator must be blue below price action.
- Place a buy stop when a buy signal appears not far away from support.
- Place the stop loss just below the entry bar or below support.
- Place TP before the next resistance zone.
- Record results and repeat.
Selling conditions using the Bat ATR Buy & Sell indicator
- The trend must be bearish.
- The Bat ATR Buy & Sell indicator must be red above price action.
- Place a sell stop order when a sell signal appears not far away from resistance.
- Place the stop loss above the entry bar or above resistance.
- Place TP before the next support zone.
- Record results and repeat.
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2 Responses
thanks for this indicator.
pleasure!