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The Candle Size Alert indicator will
determine pips in live trading The Candle Size Alert
indicator will be useful to those speculators who use candlestick analysis
techniques to analyze the situation on the market. In this case, the length
of the candles plays a huge role in deciding whether to create orders. Also, the size of the
candles makes it possible to identify the current volatility value with the
required level of accuracy. If the size of the candle is significantly larger
than the average value, which is characteristic of the currency pair in
question, then significant changes in the behavior of the price level should
be expected. As a rule, after a candle
with a long body appears on the screen, a rollback of the price level is
observed. This fairly simple rule can be used to generate income when the
price level corrects. You can use the pips alert zigzag indicator or Auto
trading with expert Nikita to calculate the size. To open successful
positions, you should combine Candle Body Size with other algorithms for
assessing the situation on the foreign exchange market or with various
technical analysis techniques. The Candle Size Alert
indicator has both strengths and weaknesses. The key advantage of this
algorithm is that it is quite simple to use and produces fairly clear
signals. Thanks to this feature, the Candle Body Size indicator is perfect
for novice traders. The main disadvantage of
this algorithm is that it is highly specialized, i.e. its use is effective
only within the framework of candlestick analysis. Therefore, the Candle Size
Alert indicator can only be useful to those traders who are familiar with
candlestick analysis techniques and use them to create orders. To learn how to use the
Candle Body Size indicator and correctly interpret incoming signals, use a
demo account. Only after gaining the necessary experience can you apply this
algorithm to generate income. Which
indicator to use with zigzag. How does the ZigZag
indicator work? |
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