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Sunday, 14 April 2024
Nuclear Arrow Live Trade 100 BEST ARROW INDICATOR
Nuclear Arrow Live Trade 100 BEST ARROW INDICATOR

Nuclear Arrow Live Trade 100 BEST ARROW INDICATOR

Watch the testing video here:

Nuclear Arrow Live Trade 100 BEST ARROW INDICATOR

Trend direction and force index is an MT4 indicator developed by psychologist Alexander Elder, who first published it in his book “Trading for a Living.” This oscillator swings between 1 and -1 and can be classified as a zero-cross when price movement and volume are combined. 

 

It also benefits from presenting a neutral zone where there is no bull or bear “force,” and the market has no discernible direction. The indicator levels indicate that this area is between -0.05 and +0.05. This “sub chart” or “below chart” indicator helps keep your chart’s view less cluttered.

 

Trend direction and force index uses the following calculation:

Force Index (number of periods) = [Close (current period)  –  Close (prior period)] x Volume

 

As suggested by Alexander Elder, the number of periods should have a default value of 13.

PROS

  • It can be used in conjunction with any forex trading system or strategy to provide additional confirmation of trade entries or exits.
  • Ideal as an entry filter for executing your trades.
  • This indicator comes with interpolation and has a multi-timeframe for getting into scalping and swing trades on all timeframes.
  • Trend direction and force index is a reliable indicator.
  • Over 33 moving averages are used to help you filter your trade.
  • Signals are color-coded for easy identification.
  • The neutral zone indicates a market that is moving sideways.
  • The oscillator is easy to use and ideal for beginner traders.

 

CONS

 

  • Signals could be very little and restricted when operating in Multi-time frame mode.
  • Novices may be confused when observing the median line while determining when a good trade entry can begin.
  • Beginner traders may find they need to spend hours practicing this non-repainting forex indicator to perfect it.

 

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