![]() ![]() ![]() Optimal buy/sell signal: The indicator provides scalpers and day/intraday traders with trading opportunities at optimal zones.Market Overview: The indicator helps a trader visualize the market trend with less technical analysis.It also has a sound alert feature that makes a pop sound when a buy or sell signal is detected. It has an alert system that notifies a trader of a buy or sell opportunity via email. The buy/sell signals of the Xmaster Formula indicator do not repaint. Nonetheless, using the indicator with price action/other technical indicators is also recommended to mitigate false signals. The candlestick and dot are confluences that suggest that the new trend may move in that direction. Also, the price should print a candlestick in the same direction as a confirmation. In addition, a buy or sell signal is probable when the indicator prints an accompanying lime/red dot that syncs with the direction of the signal arrow. So, it suggests a buy signal when the arrow points upward, while a sell signal is indicated when it faces downward. Furthermore, the indicator has a yellow arrow that indicates a trend reversal zone, which also depicts a signal to buy or sell an instrument. The lime dots indicate that the market is in an uptrend (bullish), while the red dots signify a downtrend (bearish). It creates a wavelike pattern on a separate window using compacted sets of lime and red dots, which move in the trend direction of the market. The Xmaster Formula indicator is a combination of the RSI, MACD, and moving averages that analyze the market trend to generate probable buy and sell signals. It displays a non-repaint buy or sell signal arrow at an optimal trend reversal zone. The Xmaster Formula is a trend-following MetaTrader 4 (MT4) indicator that identifies the market trends and trend reversal zones. ![]()
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