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- Professional Swing Indicator for MT5 Download - Free - [TradingFinder]
Professional Swing Indicator for MT5 Download - Free - [TradingFinder]
The Professional Swing Indicator is a precise tool for identifying trend strength and direction on the MetaTrader 5 platform. It consists of histogram bars and point markers. Histogram bars illustrate trend movement.
Point markers issue trade entry signals. Buy signals are generated below the midline, and sell signals are generated above the midline.
Specifications Table for the Professional Swing Indicator
Category | Oscillator - Currency Strength - Signal and Prediction |
Platform | MetaTrader 5 |
Skill Level | Beginner |
Indicator Type | Reversal - Continuation |
Timeframes | Multi Timeframe |
Trading Style | Day Trading |
Market | All Markets |
Buy Signal in an Uptrend
In an uptrend on the Ethereum (ETH) cryptocurrency chart within a 1-hour timeframe, one of the signs of a trend reversal is the color change and the formation of bars in the positive oscillator phase.
Additionally, the indicator issues a Buy signal in the negative phase (below the zero line) using a green marker, marking the entry point for trades.
Sell Signal in a Downtrend
On the NZD/USD currency pair price chart in a 1-hour timeframe, a color change and the formation of histogram bars in the negative oscillator phase indicate a downward trend.
The indicator issues a Sell signal using a red marker, which can serve as an optimal trade entry point.
Indicator Settings
- Chart Theme: Customize the indicator’s appearance.
Conclusion
The Professional Swing Indicator provides entry and exit signals using histogram bars and point markers. This indicator is applicable across all timeframes without limitations.
With this oscillator, traders can identify optimal trade entry points and trend reversal zones.
Which markets is this indicator suitable for?
The Professional Swing Indicator applies to all markets, including crypto, forex, and stocks.
How does the Professional Swing Indicator generate entry signals?
This indicator uses colored markers to issue trade entry signals at appropriate times.