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Traders need a tool that’s easy-to know from the market which is when it becomes overbought or oversold. The Quantum+Alert indicator for MetaTrader helps traders make smart decisions.
The indicator is built with an alert system that makes sure you don’t miss buying or selling opportunities. The BLUE and RED squares depict overbought and oversold levels respectively, so as soon as your indicators turn green, there could be a big buy or sell signal ahead.
It is convenient for both novice and professional traders because it is simple to use. It’s suitable for scalping, day & swing trading because of how it looks.
BUY Setup: The indicator paints a BLUE signal square on the chart to indicate a possible bullish move. You may open a BUY position after price action also prints a bullish pattern, in this case (the above screenshot), a bullish engulfing pattern.
SELL Setup: Wait for the indicator to paint a RED square which suggests a possible bearish move. You may open a SELL position after price action also confirms the indicator’s SELL projection with a bearish engulfing candlestick, for instance.
Conclusion
You can now download a free MT4 trading indicator that can help you make more profits in the forex market. It is called Quantum + alert indicator and it will mainly help you better understand price action patterns.
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