This indicator is useful for detecting the points that are likely to be the point of reversal. Why likelihood? Of course, because there is no forex indicators can always be exactly 100% accurate with no misses.
How to use a very simple, just follow the big signs. Thumbs red means sell signal, a green thumb means buy signal. Signal produced never repaint, which will not move after the candle closed.
To Stop Loss and Take profit please follow your strategies and money management respectively.
Best used in the GBPUSD pair and TF H1
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IV Jempol is good and thanks , it look like it is an RSI (period 8) zero line Crossover if you are coding yourself with no filtering for slow moving (ranging) markets, Only use for forex and timeframes higher than 5 Mins. Not suitable for 1minute and 5 minute Binary trading. Adding the Chaikin volatity indicator (or any other Volatility indicator such as Standard Deviation) to IV Jempol gives good results.
ReplyDeleteIV Jempol is good and thanks , it look like it is an RSI (period 8) zero line Crossover if you are coding yourself with no filtering for slow moving (ranging) markets, Only use for forex and timeframes higher than 5 Mins. Not suitable for 1minute and 5 minute Binary trading. Adding the Chaikin volatity indicator (or any other Volatility indicator such as Standard Deviation) to IV Jempol gives good results.
ReplyDeleteAdmiring the time and effort you put into your blog and detailed information you offer!.. best trading signals
ReplyDelete