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Kain2 Indicator

September 25, 2015 by Dominic Walsh Leave a Comment

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Kain2 Indicator is a custom built technical indicator which is a type of Bollinger bands. Profitable systems can be developed from this indicator. The methods of trading might vary though. Trading with Kain2 Indicator is very easy but you need to dedicate your time to learn and master the system. It is a trading system you can say. Under certain circumstances you will see buy and you will see selling opportunity in another circumstances. The developer of the Kain2 Indicator has named the system as a channel. The Kain2 Indicator has three moving averages. The moving average which is on the top is red, the one in the middle is light blue and the one at the bottom is dark blue.

These three different moving averages give different meaning to the traders. The moving average on the top acts as a resistance while the moving average on the bottom acts as a support. Kain2 system can be used to trade in both trending and sideways market but the same method doesn’t work for the both types of market conditions although the indicator used is same. Here, we will focus on trading with Kain2 Indicator in trending market. And it is also highly recommended that you trade in the direction of the trend too.

When the Kain2 Indicator is correctly loaded on your trading platform your chart look like this:

Kain2 Indicator

Buying Conditions Using Kain2 Indicator.

Kain2 Indicator

  • The market should be up trending, at least on the time frame you are viewing.
  • Wait for end of the correction and let the price rise and touch the top band of the channel.
  • As soon as the price touches the top band of the channel, place a long order.
  • Place your stop just below the recent swing low.
  • Take your profit when the price deviates from the top band of the channel.

Selling Conditions Using Kain2 Indicator.

Kain2 Indicator

  • The market should be down trending, at least on the time frame you are viewing.
  • Wait for end of the correction and let the price fall and touch the lowest band of the channel.
  • As soon as the price touches the lowest band of the channel, place a short order.
  • Place your stop just above the recent swing high.
  • Take your profit when the price deviates from the lowest band of the channel.

Open demo account to test this system.

Download Free Forex Kain2 Indicator

Download Free Kain2 Indicator

Filed Under: Free Metatrader Indicators Tagged With: bands indicator

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