IVJempol Histogram Forex Indicator is a very powerful forex trading indicator. It should be used for swing trading strategies. Swing trading here doesn’t mean you should hold for some weeks, you can trade on intraday time frame as well. It is about riding the swings of the market. Therefore, it should be used in trending market conditions. The indicator is open regarding the currency pairs of the market and the timeframes.
When you install IVJempol histogram is installed in your metrader 4, your chart should look like this:
IVJempol Histogram consists of blue and red bars. You should be buying and selling on the basis of these bars. When you see a blue bar in an up trending market you should be buying and you should sell as soon as you see red bars. Similarly, in a down trending market when you see a red bar, you should be selling and you should close your position as soon as when the bar turns red.
Buying Conditions Using IVJempol Histogram.
– Market should be up trending.
– When you see a blue bar of IVJempol Histogram indicator you should be buying.
– Place your long position as soon as above conditions are met.
– Place your stop loss just below the recent swing low.
– Take your profit when you see a red bar.
Selling Conditions Using IVJempol Histogram.
– Market should be down trending.
– Place your short position when you see a red bar.
– Place your stop loss just above the recent swing high.
– Take your profit when you see a blue bar.
Forex Indicators Download – Instructions
IVJempol Histogram Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
IVJempol Histogram Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.
How to install IVJempol Histogram Forex Indicator.mq4?
- Download IVJempol Histogram Forex Indicator.mq4
- Copy IVJempol Histogram Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on IVJempol Histogram Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator IVJempol Histogram Forex Indicator.mq4 is available on your Chart
How to remove IVJempol Histogram Forex Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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