Instantaneous trend line is a forex trading indicator. It is a very reliable forex trading indicator if you know what you are doing. The instantaneous trend line alone will not do well for you if you are not disciplined and passionate about trading. Passionate doesn’t mean having higher expectations like being richer quicker. Forex trading is like any other business in the world. You have to learn it practices it and then only you can achieve the success. The path to be a successful trader is long. You will fail many times but you should not lose faith in yourself. You should keep on practicing and slowly you will understand the game of trading.
When you install instantaneous trend line indicator in your forex trading platform, your chart should look like this:
- Instantaneous trend line
It is a technical indicator which is the combined form of the two moving averages. This indicator consists of two oscillators and the crossovers of these oscillators will generate buy and sell signals. As per the rule of the indicator when the blue oscillator crosses above the red oscillator, it’s a buy signal and when the blue oscillator crosses below the red oscillator, it’s a sell signal.
Buying Conditions Using Instantaneous Trend Line.
- The market should be up trending.
- The blue oscillator of the Instantaneous trend line should cross above the red oscillator.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the blue oscillator crosses below the red oscillator.
Selling Conditions Using Instantaneous Trend line.
- The market should be down trending.
- The blue oscillator of the Instantaneous trend line should cross below the red oscillator.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the blue oscillator crosses above the red oscillator.
Download Free Forex Instantaneous Trend Line Indicator
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