TD REI Forex Indicator is an oscillator based forex trading indicator. It can be used in trending market conditions as well as sideways market. It is flexible regarding time frame as well. You can trade on any time frame. This indicator can be used to trade any currency pairs. You cannot trade solely based on this tool. You should use other indicators like moving averages and other trending indicators with TD REI indicator to have an effective result.
When you install TD REI indicator in your trading platform, your chart should look like this:
TD REI indicator consists of two oscillators. One of the oscillators is a white thick oscillator and another one is dotted oscillator. The crossovers of these two oscillators generates buying and selling signal. When the white oscillator crosses above the dotted oscillator, it’s a buy signal. Similarly when the white oscillator crosses below the dotted oscillator, it’s a sell signal. When you follow the general direction of the market, you will have higher profitability.
Buying Conditions Using TD REI indicator.
– The market should be up trending.
– White oscillator should cross above the dotted oscillator.
– 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 the white oscillator crosses below the red oscillator.
Selling Conditions Using TD REI indicator.
– The market should be down trending.
– White oscillator should cross below the dotted oscillator.
– Place your short position as soon as above conditions are met.
– Place your stop loss just above the recent swing high.
– Take your profit when the white oscillator crosses above the dotted
Forex Indicators Download – Instructions
TD REI Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
TD REI 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 TD REI Forex Indicator.mq4?
- Download TD REI Forex Indicator.mq4
- Copy TD REI 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 TD REI Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator TD REI Forex Indicator.mq4 is available on your Chart
How to remove TD REI 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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