Forex Predictor V2 indicator draws six dynamic support and resistance lines in direction of an underlying trend to predict the most likely price correction and reversal points. Forex Predictor v2 indicator drawn lines act in a similar way as would daily support and resistance levels. The indicator includes R3, R2, R1, Pivot line, S1, S2, and S3 dynamic levels. GBPUSD H1 Time-frame, Forex Predictor V2 indicator (click to zoom in)
Trading Forex Predictor V2 indicator
The MT4 indicator is relatively ease to trade with. When a price reached either R3 or R2 line, we could expect the price to revers and therefore a short position could be opened. While if the price reaches either S3 or S2, we could expect the market to enter a bullish correction. Middle, neutral blue line should be used as take profit for both long and short positions. Lastly, a position could possibly be held past the neutral take profit line if all the dynamic lines slope in the entered direction and the underling trend confirms it.
Forex Predictor V2 download
To download your indicator use the “Download” button at the top right corner. To install it on MT4 platform: 1. Click on Download button above; 2. Save the the file to your computer; 3. Move the .ex4 file into the following folder : meta traderexpertsindicators; 4. Restart your Metatrader platform; 5. Click “Indicators” button in Metatrader toolbar; 6. Select “Custom”; 7. Search and select “Predictor V2”; 8. Adjust settings or press OK to add the indicator to your selected chart; Note: Forex Predictor V2 indicator is developed by Fxpredictor and was sent by an AtoZForex follower from the United Kingdom, Alan. AtoZForex does not carry any copyrights over this trading tool. Do you have a reliable indicator or EA? Would you like to share it with our users?