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Instrument: REA_Chandelier
Disclaimer

The graphic studies and any other indication generated by the software should not be considered as personalized investment advice or even as investment recommendations. The setups generated by the software search for market conditions developed on prices in the past and are useful for statistical purposes.

The software is not able to work autonomously and requires various inputs from the trader for pattern research, statistics processing and any other expected functionality.

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.

Downloads

Download the REA_Chandelier for the cTrader platform
License:
FREE

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