The EZT render swing Indicator is one of a kind indicator. It works on all currency pairs. It is also a perfect choice for trading indexes and metals. You also don’t have to worry about the broker since the indicator works for all the brokers. However you have to be using the MT4 platform. It is not compatible with the MT5 platform unless its program is modified to do so. It is also the indicators to go for if you have an ECN account.
While using this indicator, you can trade on any of the timeframes provided by your MT4 platform. You can chose to use the D1, H4, H1, M15, M5 and M1 charts. The indicator don’t repaint and if used well it will give a profit of around 1000 pips. This is the indicator for even the Forex beginners.
The indicator is displayed on a separate chart below the main trading chart. It is very efficient and it is able to detect the change in the market trend beforehand giving the trader the upper hand. It actually indicates the swings in the market.
Understanding the features of the EZT render swing Indicator
The EZT render swing Indicator forms a band of green and red colors below the main trading chart. It displays nothing on the main chart. The trader therefore have enough space to add anything else to his or her chart. The green colored band shows that the market prices are headed up while the red shows that the market prices are headed down. There is a scale on the right hand of the indicators chart which is not that much important since the height of the band doesn’t change. The trading signals are given when the color of the bands changes.
Fig.1. Showing the features of the EZT render swing Indicator.
The sell signal is given when the color changes from green to red. This means that the market prices have stopped moving up and now the market prices are moving down. In short a downward trend has begun.
The buy signal is given when the color changes from red to green. This shows that the market prices have stopped moving up and they are now headed for low levels. In short, there is an upward trend that have just started.
Placing trades using the EZT render swing Indicator.
As a trader you should place your trade always at the beginning of the formation of the next candlestick after the signal is given. The indicator is very precise and once a signal is given the market is not expected in any way to defy the signal. So, the trader should not be afraid of opening a trade after the signal is given.
Opening a sell position:
The trader should place a sell order after the red color starts to form. The order should be left to run all along until the color changes to green.
Opening a buy position:
The trader should place a sell order after the green color starts to form. The order should be left to run all along until the color changes to reds.
Example of how to open and close order.
Download Free Forex EZT Render Swing Indicator