![]() ![]() ![]() This indicator has four variables which can be modified within its settings. How to use the Buy Sell Indicator for MT5 This would signal that the market is about to reverse. The dots shift above or below price action once a candle closes beyond the dots. The dots are plotted a distance from the moving average line based on the ATR. It uses the moving average line as the starting point on which it would base where it would plot the dots from. The Buy Sell Indicator uses a moving average line and an Average True Range (ATR) indicator to identify trend direction. It plots the dots below price action whenever it detects that the market is in an uptrend, and above price action whenever it detects that the market is in a downtrend. It plots dots that shift above and below price action to indicate trend direction. The Buy Sell Indicator is a custom technical indicator which is a trend following indicator. The Buy Sell Indicator is based on this concept. The market trend is said to have reversed whenever price moves against a prior trend by a distance more than a multiple of the ATR. One concept that traders use when identifying trends and trend reversals is with the use of an Average True Range (ATR). Introduction to the Buy Sell Indicator for MT5
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