Some of the indicators used to predict price direction and know when prices have reached over bought or over sold. This indicator I use in pairs EURUSD and GBPUSD.
You need an indicator or EA to setup a forex trading strategy? All you need is EA and Renko indicators plus guide how to install this on Your meta4 indicator chart.
BUY Position :
1. Observe the price must touch first magnetic white line (150)
2. Shown blue SEFC Indicators at least 2 boxes
3. Red candle become blue candle
4. MA Yellow Colour
5. Blue uni cross appeared
Confirm to BUY
a. When all the preparations are being match with the rule above
b. Blue + aqua candle was already above the Blue MA Line. BUY position can be done. SL 50 TP 50-100 pips (depend pairs)
SELL Position :
1. Observe the price must touch first magnetic white line
2. Shown RED SEFC Indi at least 2 boxes
3. Blue candle become Gold candle (change in trend)
4. MA Yellow Color
5. Red uni cross appeared
Confirm to SELL
a. When all the preparations are being match with the rule above
b. Red + gold candle was already below the Blue MA Line. SELL position can be done. SL 50 TP 50-100 pips (depend pairs)
Tutorial Renko Magentis Lines.
Download Indicators Renko Magnetis Lines
Download Template Renko Magnetis Lines
Download EA Renko Magnetis Lines
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