The ASC Trend Indicator is a type of trading strategy that tells about the market trends. As we all know about the type of the market trends. There are mainly two most popular trends of the market name as a bearish trend and the second is a bullish trend. This ASC Trend Indicator also a popular indicator for the day trading of the currency pairs and also for the market scalping. The ASC Trend Indicator is a forex trading indicator and this can be used with any forex trading strategy. The ASC Trend Indicator can also be usable with any forex currency pair that are used in the forex market.
Working of the ASC Trend Indicator
The ASC Trend Indicator works with the bars of the indicator chart. Two types of bars are used for the estimation of the market trend. When the bar of the indicator down from the price position then there is a signal for the buy signal. Here the buy condition meets. The color of the bar line is a blue dotted line. The trend in this situation will be the bullish trend.
ASC Trend Indicator
When the bar of the indicator-up from the price position then there is a signal for the sell signal. Here the sell condition meets. The color of the bar line is a magenta dotted line. The trend in this situation will be the bearish trend.