Forex Plagiat Indicator is a tremendous momentum based indicator. Its job is to signals you the right market momentum status at the right time so that you can catch the trend at the exact stage of its movement. Its simplicity of use and higher level of signal accuracy has attracted the traders most.
Forex Plagiat Indicator works like other momentum based indicators. It uses the Plagiate line with two different colors to determine and express the bullish or bearish momentum confirmation to its users. The important thing is it works best at H1 to any higher timeframe chart. As a result it has been very useful to intraday and long term traders. Besides, you’ll be able to use to identify the momentum of any Forex currency pair across the market.
We recommend you to add support/resistance levels at your chart along with Forex Plagiat Indicator for a better result with more accuracy.
Once you’re done with the installation process, when you apply it in your chart, you’ll find the indicator as the following image:
Forex Plagiat Indicator Overview:
- Bullish Plagiat: The indicative line turns green is called the Bullish Plagiat which confirms the start of bullish momentum. This is the time when you should look for long opportunities.
- Bearish Plagiat: The red indicative line is known as Bearish Plagiate. It expresses the activation of bearish momentum of the market. Traders gets in sell mode when Bearish Plagiate appears at the chart.
Generally Accepted Use:
- Price turns and holds above the support level
- Buy triggers when the Bullish Plagiate is plotted
- Set stop loss limit below the support level
- Take profit whenever price reaches and holds below the resistance level and the Bearish Plagiate is plotted
- Price turns and holds below the resistance level
- Sell triggers when the Bearish Plagiate is plotted
- Set stop loss limit above the resistance level
- Take profit whenever price reaches and holds above the support level and the Bullish Plagiate is plotted
Download Free Forex Plagiat Indicator
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