OUR TRADING INDICATOR THAT AUTOMATICALLY PLOTS CONTRACTIONS [2022]
Brokers and exchanges modify public indicators so that they appear to function before it is time to trade the live market. In addition, different market conditions can cause entire strategies and even automated trading programs to malfunction.
Main Points
- Public indicators are customized by brokers and exchanges to look like they work until it is actually time to trade the live market.
- We make mistakes from time to time, indicators on the other hand don’t make mistakes and use conditions to determine before they plot, without any bias.
What the Contraction Indicator Does
A previous post already went over the contraction, expansion, and trend phase market cycles, but it was just the basics.
If you haven’t yet read the post then click this link below!
https://tradersendeavors.com/forex-master-pattern/
After reading this post, you should have awareness of this market cycle and the predators that lie in the financial markets, lurking to take your money. You now have a little bit more understanding of what “smart money,” or institutional investors, or the traders with big liquidity, are and the way they approach trading.
They always do the opposite of what retail does.
The contraction plotter that we scripted automatically plots all contraction zones using volatility and volume. On hourly timeframes or greater, it will automatically show the value line in the middle of the contraction boxes. It will also paint the candles the bar color that you want; by default, it’s set to yellow.
Whats so special about this Indicator?
Like we were talking about earlier, this indicator is based on these three market phases: contraction, expansion, and trend. For many traders, it’s hard to map contractions or to view all of the contractions that are occurring in the markets.
Many traders who enter trades in contracting markets will tend to lose money from the volatile moves that happen after the contraction is over (the expansion phase).
The indicator will automatically plot every contraction zone in every timeframe accurately, as long as the chart you are checking has volume (stocks, cryptocurrencies, and forex are fine).
It also uses RSI to try to map the expansion phase, which is pretty difficult to map. They should not be used as entries alone; you should always wait for a trend direction.
No human mistakes
We humans make mistakes from time to time. In trading, everyone makes lots of mistakes. The indicator doesn’t make mistakes while plotting the contractions, so that is one worry that will be taken care of.
Another issue the indicator would solve is entering trades during contraction phases. You may identify one contraction zone, but there can be another one lurking, and a trap move can remove you from your trade and liquidate you.
More information about the indicator:
Cost: $50.00 USD Monthly
Payment Methods: USD, USDT, BTC
Purchase Link: patreon.com/user?u=80987417
Additional: Access to the discord server where you request access to the indicator.
To learn more about the Contraction, Expansion, and Trend phase go to
https://tradersendeavors.com/forex-master-pattern/
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