IVJempol histogram is a forex trading indicator. IVJempol histogram indicator is a very simple yet very powerful forex trading indicator. The IVJempol Histogram is a well-tested and proven forex trading indicator. The IVJempol histogram indicator should be used for swing trading strategies. Swing trading here doesn’t mean you should hold for some weeks, you can trade on intraday time frame as well. IVJempol histogram is about riding the swings of the market. Therefore, IVJempol histogram should be used in trending market conditions. The IVJempol histogram indicator is open regarding the currency pairs of the market and the timeframes.
When you install IVJempol histogram is installed in your metrader 4, your chart should look like this:
- IvJempol Histogram
IVJempol Histogram consists of blue and red bars. You should be buying and selling on the basis of these bars. When you see a blue bar in an up trending market you should be buying and you should sell as soon as you see red bars. Similarly, in a down trending market when you see a red bar, you should be selling and you should close your position as soon as when the bar turns red.
Buying Conditions Using IVJempol Histogram.
- Market should be up trending.
- When you see a blue bar of IVJempol Histogram indicator you should be buying.
- 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 you see a red bar.
Selling Conditions Using IVJempol Histogram.
- Market should be down trending.
- Place your short position when you see a red bar.
- Place your stop loss just above the recent swing high.
- Take your profit when you see a blue bar.
Download Free Forex IVJempol Histogram Indicator
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