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the movement preceding it is necessary. I will wait and see if my trade will be closed or if it will continue to make a profit. I will make the technical analysis on the highest time frame. This is just another version of the well known Super Trend indicator. Jacob Maas, bear Naked Pattern indicator i, jacob Maas 12 September 2015. The code is simplified but it has the same output on the chart screen. The general direction of a market or the price of an asset and its trend can vary in length. There is no predefined limit for the number of time frames on which the analysis should be performed, or which ones to choose. By using dashboards, you minimize the time that can be now used on finding other trade opportunities. This type of analysis helps traders to understand the Forex market better than a single time frame analysis. After the entry, the 4 hours also showed a change in the trend.
A graphical summary of various pieces of important information that is used to give an overview: this is one of the definitions of a dashboard. For example, you have the 5-minute chart open to observe the small changes in the market. Tap4Fibs, creates Fibonacci Retracement on the chart based on the ZigZag indicator. Jacob Maas 28 February 2017, spread Indicator mt4 will help, jacob Maas AFStar is a custom indicator. The use of indicator-based strategies is part of that. If it moves below, we have a descending trend. It helps you to spot the dynamic levels of support and resistance. I will now name all the inputs of the indicator so you will know what is behind this wonderful tool: X-Axis defines the distance between the selected corner on the X-axes and the dashboard. This type of indicator will do this for you, so you do not have to check everything manually.