The buy-sell indicator is a technical indicator. It is a complete forex trading system. It can be used for low time frames. It is a multi-currency indicator, this indicator works for higher levels. Buy Sell Magic Indicator shows the higher and lower levels in the market trend. It uses arrow strategies to indicate changes in the market trend. This indicator uses three different indicators that work together and earns healthy profits. Buy Sell Magic Indicator is the best example of a smart arrow indicator. This indicator generates sound notifications when the indicator sees any changes in the market trend.
THE BUY SELL MAGIC INDICATOR
Buy Sell Magic Indicator is an indicator that requires a specific template to launch. Like the zigzag indicator, this indicator creates entry signals for both buy and sells entry. It draws the signals in the extreme points. As seen from the name this indicator is specially designed to buy and sell signals. It tells about the buy and sells signals in the market trend. Buy Sell Magic Indicator also has some rules for buy and sells entry and exit.
Rules for entrance in Trade
Begin a buy entry in the indicator when it is displayed on the chart. Buy Sell Magic Indicator uses a blue upward pointed arrow for a buy signal. Rules for entrance are given below:
- When the blue arrow pointed upward and dotted lines began to start moving slowly below the candlestick pattern, the price begins to high, buy the designated currency pair at that point.
- If the blue line and green histogram candlestick pattern of the Non-Repaint began moving above the level, a bullish trend appears at that time, and buy signal appears and it is the best time to buy currency pair available at that time and stop-loss at that time.
RULES FOR EXIT IN TRADE
Rules for exit in trade are given below:
- If the Non-repainting indicator forms red arrow acting downward that is a place above the candlestick pattern bullish trend forms here and it is the time to exit for a buy entry. At that point, the traders can make a profit.
- If the blue dotted line appears in the Non-Repainting indicator and it is moving downward the 0.00 level or a specific pip, a bullish power appears here and exit and take profit is suggested by the indicator.
Rules for Sell entrance:
Following are the rules for sell entry:
- If the red dotted line and red pointing arrow orients above to some range above the price bars, price in the market began moving low in the market, you can sell Forex currency pairs at that time.
- If the blue dotted line and red histogram signal move below the pip or 0.00 levels, a bearish trend appears it is the best time to sell and stop loss.
EXIT RULES FOR SELL ENTRY:
Following are the exit rules for sell entry:
- If the indicator forms a blue pointed arrow below the candlestick pattern then it is the time to exit for sell entry and take profit here.
- If the blue dotted lines are moving upward to the 0.00 levels or specific pip then it created bearish trend then exit for sale and take profit is recommended by the indicator.
USES FOR BUY AND SELL MAGIC INDICATOR
The buy and sell magic indicator is one of the most advanced indicators used for daily trade. This indicator can eliminate the lag from the market trend. It is used to draw magical buy and sell signals. It gives more precise signals for the market trends. It can be used in the London trade session and New York trade session but the best time to trade with the help of Buy Sell Magic Indicator is the London trading session.