Features of the Indicator
The Professional Swing Indicator for MT4 displays buy and sell signals on the chart as colored bars. The bars are purple and blue. Purple bars appear above the zero line, whereas blue bars appear below the zero line.
The Professional Swing Indicator considers the 12-line. When the purple bars form above the 12-line, it indicates a strong uptrend. When the blue bars form below the 12-line, it signals a downtrend.
The indicator for MT4 points dots on the chart in addition to colored bars. The dots show the lows and highs of the market. They mark good entry and exit points. The indicator comprises a blue and a red dot. The blue dot indicates a sell signal, whereas the red indicates a buy signal.
How the Indicator can Benefit you
The indicator provides clear trade entry signals that you can use to make profitable trades. Moreover, you can use it on various timeframes, but it is most effective in higher ones. The indicator also provides trade exit signals. If you are in a long position and the indicator forms a blue dot, this is the best time to exit your trade.
The indicator may show a red or blue dot, but the trend does not change. This indicates the continuation of a trend. As a result, it is essential to combine the Professional Swing Indicator with other technical indicators, such as the MACD or the RSI, for further signal confirmation.
Indicator Settings Description
The Professional Swing indicator does not have input options that you can alter. However, you can change the colors, line widths, and line styles of the indicator‘s bars and lines.
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