Bulls Bears 4x Traffic MT4 Indicator
Bulls Bears 4x Traffic MT4 Indicator shows you trend strength for four time frames: 5 Min, 15Min, 30Min and H1 time frame. You can use blue lines as support / resistance levels. If all time frames are green you can wait to price touch first or second blue line to open buy position, blue line below your open position in this case would be stop loss point. Opposite for sell (all time frames are red).
Bulls Bears 4x indicator allows you to measure the strength of the bearish-bullish trends on 4 different time frames. Default variables are set to identify trends for 5m, 15m, 30m and 1h. Bulls Bears 4x indicator examines various moving averages, their angle, distance between each other.
Bulls Bears 4x also calculates the Fibonacci levels for these time frames so that you can identify strong support/resistance levels.
Moving averages smooth the price data to form a trend following indicator. They do not predict price direction, but rather define the current direction with a slight lag; therefore it is used frequently used in technical analysis.
How To Trade With Bulls Bears 4x:
Buy Signal:
1. Wait for all time frame bars to turn to green
2. Wait for pull back to a near Fibo support and go long.
Sell Signal:
1. Wait for all time frame bars to turn to red
2. Wait for bounce to a near Fibo resistance and go short.
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