Introducing you to the brand new indicator called Forex plagiat. Forex plagiat indicator is one of the most successful momentum based indicator. Its main objective is to provide you with signals about the current momentum of the market. This indicator is so simple and fast enough to allow you to hop in the trend at its early stages.
The Forex plagiat indicator works just as any momentum based indicator, the only difference is that this one is more accurate and it is fast. It uses a line called the plagiat line with two different colors to determine and express the bullish or bearish momentum confirmation to its users. The best thing is that it works best at H1 to any higher timeframe chart. As a result, it has produced tremendous results for swing traders. There are no limits to which pair you can use, it works like a charm on all currency pairs.
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We recommend you to add support/resistance levels at your chart along with Forex Plagiat Indicator for a better result with more accuracy.
Once You Have Installed Forex Plagiat Indicator, Your platform should look like this:
Forex Plagiat Indicator Overview:
- Bullish Plagiat: The indicative line turns green is called the Bullish Plagiat which confirms the start of bullish momentum. This is the time when you should look for long opportunities.
- Bearish Plagiat: The red indicative line is known as Bearish Plagiate. It expresses the activation of the bearish momentum of the market. Traders get in sell mode when Bearish Plagiate appears at the chart.
Generally Accepted Use:
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Buying Conditions using Forex Plagiat Indicator
- Price turns and holds above the support level
- Buy triggers when the Bullish Plagiate is plotted
- Set stop-loss limit below the support level
- Take profit whenever price reaches and holds below the resistance level and the Bearish Plagiate is plotted
Selling Conditions using Forex Plagiat Indicator
- Price turns and holds below the resistance level
- Sell triggers when the Bearish Plagiate is plotted
- Set stop-loss limit above the resistance level
- Take profit whenever price reaches and holds above the support level and the Bullish Plagiate is plotted
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