Just as the name suggests, these indicators the Forex traders in predicting what will happen to the market. It is an essential tool for traders. Every trader trades with anticipation of what will happen to the market soon.
Forex Prediction Indicator is displayed on a separate chart below the main trading chart. It summarizes the total number of buyers and sellers in the market as a percentage. The indicators also show the profits that the traders are making and the closed profits.
This indicator also shows the trend and the strength of the trend on a scale of 1 to 100 in all the timeframes. This is displayed using arrow-like elements that are displayed below the main trading chart. For example, if you have opened a EUR/USD chart, the indicator will show the trend and the trend strength of that specific currency pair in all the timeframes. It will show the trends in M1, M5, M15, M30, H1, H4, and D1.
Besides providing comprehensive information about the current situation of the Forex market, the indicator also indicates whether it is an excellent time to place a sell or a buy.
This indicator is unique since it even tells you the prediction of the time left for the current market trend. This is every precious thing to any Forex trader since they will be able to decide for how long the order will run (remain open). Also, by knowing how long the trend will run, the trader can judge whether to place an order or not. For example, suppose a trader logs in to his or her trading account wanting to trade, and after loading this indicator onto a chart. In that case, the indicator shows that prediction for a long trend for the next 1 minute 3 seconds, they will decide whether to trade or not. And if, for instance, he or she decides to place a trade, then he/she will be very alert to check what the indicator will say after 1 minute 3 seconds are over; if the indicator shows that the long trend is continuing, then the trader will leave the order to run and if the indicator says otherwise the trader will close the order.
The indicator is also responsible for the formation of arrows. The arrows are formed on the main trading chart at the end of the bars. The arrows show either uptrends or downtrends. If an uptrend, then the arrow is green. If a downtrend, then the arrow is red.
How to use Forex Prediction Indicator to place trades
The main things to look for to open trades are:
- The kind of arrow formed
- The percentage of prediction
- The time left for the trend
Forex Prediction Indicator Placing a sell:
The trader should place a sell when the arrow is red and shows a downtrend if the prediction percentage is above 80% and when the time remaining for the prediction is at least 5 minutes.
Forex Prediction Indicator Placing a Buy:
The trader should place a sell when the arrow is green and shows an uptrend if the prediction percentage is above 80% and when the time remaining for the prediction is at least 5 minutes.
The orders should be closed when opposite signals are given.
Example of when to open orders using the Forex Prediction Indicator.
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Prediction Forex Indicator Free Download