Yang Trader Indicator is a forex trading indicator. Yang Trader Indicator is a trend following forex trading indicator. The Yang Trader Indicator looks like moving average but it has got some algorithms which make it different from ordinary moving averages. The Yang Trader Indicator can be used to trade in any time frame market and it can be used to trade with any currency pairs. However, if you are a swing trader time frame of 15 minute, and hourly chart might be the best option. With Yang Trader Indicator you can combine other technical indicators too. You can combine filtering tool to verify the trade signal which is generated by Yang Trader Indicator.
When you install Yang Trader indicator in your trading platform, your chart should look like this:
- Yang Trader Indicator
Yang Trader Indicator tells about the direction of the market. When the market is above this indicator it indicates that the market is in bullish move and you should be buying in that. Similarly when the market is below the Yang trader indicator it indicates bearish market conditions and you should be selling in that case.
Buying Conditions Using Yang Trader Indicator.
- Market should be up trending.
- The market should cross above the Yang Trader indicator from recent swing low.
- 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 market crosses below Yang Trader Indicator from recent swing high.
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Selling Conditions Using Yang Trader indicator.
- Market should be down trending.
- The market should cross below the Yang Trader indicator from recent swing high.
- 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 market crosses aboveYang Trader Indicator from recent swing low.
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