Array Test Indicator is a forex trading indicator which is comprised of customized moving average. As it is based on a moving average it is a trend following forex trading system. Array Test Indicator should be used in trending market environments only. It might perform poorly in a sideways market. Ability to recognize quality of the trend rests on the skill of the trader. Not all trends have the same quality. Higher quality or highly trending market gives more edge. Array Test Indicator can be used to trade on any time frame and it can be used to trade any currency pairs.
When you install Array Test Indicator in your trading platform, your chart should look like this:
Array Test Indicator consists of two moving customized moving averages. Yellow moving average is a faster moving average while red one is the slower one. Buy/Sell signals are generated on the basis of crossovers of these moving averages. When the yellow moving average crosses red moving average from below, it’s a buy signal and when a yellow moving average crosses red moving average from above, it’s a sell signal.
Buying Conditions Using Array Test Indicator.
- Market should be up trending.
- Market should be bouncing from the recent support.
- Yellow moving average should cross above the red moving average.
- Place your long position when above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when yellow moving average crosses below red moving average.
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Selling Conditions Using Array Test Indicator.
- Market should be down trending.
- Market should be falling from the recent resistance.
- Yellow moving average should cross below the red moving average.
- Place your short position when above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when yellow moving average crosses above red moving average.
Download Free Forex Array Test Indicator
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