Trend Continuation Factor 2 is a technical indicator. It is an oscillator based technical indicator. Trend Continuation Factor 2 is a highly profitable forex trading indicator. This forex trading indicator is best in trending market. Trend Continuation Factor 2 indicator should not be used in sideways market. Trend Continuation Factor 2 is a very dynamic forex trading indicator. It can be used to trade any currency pairs and you can trade them on any time frame. This forex trading indicator will generate good results only when one follows the rules of the system very strictly. This indicator is for the serous traders only.
When you install Trend Continuation Factor 2 indicator in your trading platform, your chart should look like this:
- Trend Continuation
Trend continuation indicator consists of two oscillators; red and blue. The crossovers of blue and red oscillators generate trading signals. When the blue oscillator is above the red oscillator, it’s a buy signal. And when the red oscillator is above the blue oscillator, it’s a sell signal. Following the trend is the main trick of the indicator. If you are against the trend, you are likely to lose.
Buying Conditions Using Trend Continuation Factor 2.
- Market should be up trending.
- Market should be bouncing from the recent swing low.
- Blue oscillator of the trend continuation indicator should cross above the red oscillator.
- 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 the blue oscillator crosses below the red oscillator.
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Selling Conditions Using Trend Continuation Factor 2.
- Market should be down trending.
- Market should be falling from the recent swing high.
- Red oscillator of the trend continuation indicator should cross above the blue oscillator.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the blue oscillator crosses above the red oscillator.
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