Ewaves indicator is a helpful forex trading indicator in making precise forex trading decisions. It is a straightforward forex trading indicator, and anyone can use it to trade forex good. The Ewaves indicator works in an mt4 trending market and a ranging market. Can use Ewaves indicator to trade in any currency pairs. It can be incorporated Ewaves indicator with other indicators to get consistent results. The Ewaves forex indicator can be combined with other best forex indicators like moving averages, parabolic SAR, mt4 Bollinger bands, etc. Ewaves indicator is a highly profitable forex indicator. The risk to reward ratio is maintained very well by this indicator.
When you install Ewaves indicator in your trading platform, your chart should look like this:
Ewaves Forex Indicator
Ewaves consist of a histogram that moves in positive and negative territory. The rule is straightforward. In an up-trending market, you should place your long position when you see a green histogram (positive histogram), and in a trending market, you should sell when the histogram is red (negative).
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Buying Conditions Using Ewaves Indicator.
- The market should be up trending.
- The histogram should be green (positive).
- Place your long position when the above conditions are met.
- Put your stop loss(SL) just below the recent swing low.
- Take your profit(TP) when the histogram turns red.
Selling Conditions Using Ewaves Indicator.
- The market should be down trending.
- The histogram should be red (red).
- Place your short position when the above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the histogram turns green.
Ewaves Forex Indicator Free Download