The EZT render swing Forex Indicator is one of a kind forex indicator. It works on all mt4 currency pairs. It is also a good choice for trading indexes and fx metals. You also don’t have to think about the forex broker since this forex indicator works for all the mt4 brokers. However, you have to be using the forex MT4 platform. It is not compatible with the MT5 forex platform unless its program is modified. It is also the indicator to go for if you have a forex ECN account.
While using this forex indicator, you can trade on any of the timeframes provided by your MT4 platform. You can use the D1, H4, H1, M15, M5, and M1 charts. The indicator doesn’t repaint, and if used well, it will give a profit of around 999+ pips. This is the indicator for even the new Forex beginners.
This forex indicator is displayed on a separate chart below the main trading chart. It is very good, and it can detect the change in the market trend beforehand, giving the trader the upper hand. It indicates the swings in the forex market.
Understanding the simple features of the EZT render swing forex Indicator
The EZT render swing forex Indicator forms a band of green color and red colors below the main trading chart. It displays nothing on the main chart. Therefore, the trader has enough space to add anything else to their chart. The green-colored band shows that the market prices are headed up, while the red indicates that the forex market prices are going down. There is a scale on the right side of the forex indicators chart, which is not that important since the band’s height doesn’t change. The forex trading signals are given when the color of the band changes.
Fig.1. Showing the features of the forex EZT render swing Indicator.
The sell entry signal is given when the color changes from green to red. This means that the forex market prices have stopped going up, and now the forex market prices are moving down. In short, a down trend has begun.
The buy entry signal is given when the color changes from red to green color. This shows that the forex market prices have stopped moving up, and they are now headed down to low levels. In short, there is an uptrend that has just started.
Placing trades using the Forex EZT render swing Indicator
As a forex trader, you should always place your trade at the beginning of the formation of the next chart candlestick after the signal is given. The indicator is exact, and once a signal is given, the market is not expected to defy the signal. So, the forex trader should not be afraid of opening trade after the signal is given.
Opening a sell position:
The forex trader should place a sell entry order after the red color forms. The order should be left to run until it changes to green color.
Opening a buy position:
The forex trader should place a sell entry order after the green color forms. The order should be left to run until the color changes to red.
Example of how to open and close order.
EZT Render Swing Forex Indicator Free Download