Description
The Chandelier indicator can be a very profitable forex trading indicator for those who are willing to abide by its rules and trade accordingly.
The rules of this forex trading indicator are too simple and can be applied by any novice trader. Experts prefer this indicator as it recognizes potential entry and exit signals son. To be profitable this trading indicator is enough to follow the market trend and buy/sell according to the rules of the indicator.
The chandelier is a very simple indicator that resembles the moving average. When this indicator is orange the market is rising and when this indicator is purple the market is falling. When this indicator is below the market, you should buy and when the indicator is above the market, you should sell.