Plagiat Forex Indicator is a momentum based indicator. It signals you the right market momentum status at the right time so that you can catch the trend at the exact stage of its movement. Its simplicity of use and higher level of signal accuracy has attracted traders most.
Plagiat Indicator works like other momentum based indicators. It uses the Plagiate line with two different colors to determine and express the bullish or bearish momentum confirmation to its users. The important thing is it works best at H1 to any higher timeframe chart. As a result it has been very useful to intraday and long term traders. Besides, you’ll be able to identify the momentum of any forex currency pair across the market.
We recommend you to add support/resistance levels at your chart along with Plagiat Indicator for a better result with more accuracy.
Once you’re done with the installation process, when you apply it in your chart, you’ll find the indicator as the following image:
Plagiat Indicator Overview:
– Bullish Plagiat: The indicative line turns green is called the Bullish Plagiat which confirms the start of bullish momentum. This is the time when you should look for long opportunities.
– Bearish Plagiat: The red indicative line is known as Bearish Plagiate. It expresses the activation of bearish momentum of the market. Traders gets in sell mode when Bearish Plagiate appears at the chart.
Generally Accepted Use:
Price turns and holds above the support level
Buy triggers when the Bullish Plagiate is plotted
Set stop loss limit below the support level
Take profit whenever price reaches and holds below the resistance level and the Bearish Plagiate is plotted
Price turns and holds below the resistance level
Sell triggers when the Bearish Plagiate is plotted
Set stop loss limit above the resistance level
Take profit whenever price reaches and holds above the support level and the Bullish Plagiate is plotted
Forex Indicators Download – Instructions
Plagiat Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Plagiat 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 Plagiat Forex Indicator.mq4?
- Download Plagiat Forex Indicator.mq4
- Copy Plagiat 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 Plagiat Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Plagiat Forex Indicator.mq4 is available on your Chart
How to remove Plagiat 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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