#1 Best Forex BUY/SELL Indicator for TradingView
Best Buy Sell Forex indicator is the best TradingView indicator for buy and sell signals. Accurate trend reversal detector. Support and resistance breakouts. Trend follow strategy.
The Best Buy/Sell Forex indicator for TradingView is a combination four indicators and custom price action filter. It comes with non-repaint dots which tell you when to buy and sell. Besides the entry points, it also provide suitable exit points. This makes it suitable for both novice and experienced traders.
The Buy Sell Forex indicator is ideal for lower time frames (M1, M5, M15, M30) during the London and New York sessions when the market is more volatile. The best part is that you can use it to trade any currency pair. However, it is not advisable to use the indicator on holiday and during major economic news. How is the indicator used, you ask?
✅Working on all Forex pairs, Gold, Indices & etc.
✅Working with TradingView (you DON’T need TradingView PRO)
✅Working on All Timeframes
✅Custom Price Action Filter
✅Suitable Exit Points
How to Trade Using Buy Sell Indicator
The indicator shows a breakout of the red support line, signaling that it is time to enter a long position. A BUY alert shows up to ensure to identify the signal in real time. You can put the stop loss at the lowest candle. All you have to do is to fill in the order. Alternatively, you can place the stop loss just below the green line.
Where should you exit the trade? Well, you set the take profit using the 3:1 reward ratio. In other words, you can set your own profit target, say 50 pips. Also, you can wait for the indicator to post a bearish signal and exit the buy trade.
Open short position when the indicator displays a breakout of the green line and a sell alert. It also displays a suitable SELL alert. Also, you can use a tighter stop loss by setting it just above the red line. If you are not sure about setting your own take profit, simply exit when the indicator posts a buy signal.
Buy Sell indicator for TradingView is a great technical analysis tool for simple and straightforward trading.
The chart above displays a GOLD/USD price movement. First the green line at 1730 was broken and indicates a suitable point to enter sell position. You can place stop loss on the dotted red line which acts as resistance. After that the red line at 1710 was broken and indicates a suitable buy signal. The green dotted line acts as support and suitable stop loss.