How to use price border forex indicator

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The Price Border indicator draws dynamic borders in which price moves and fluctuates. These borders create a channel and price tend to move from one band to other band. In other words, look for buy opportunities at the lower band and look for sell opportunities at the upper band.

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Answer

What is the price border indicator?

The price border indicator is a simple to understand technical trading indicator. You don’t need any more indicators except this. There is a bit of subjectivity involved. But once you understand when to go long or short, this indicator can give you big profits while keeping losses very limited in comparison.

How to trade Forex with indicators?

Wait for price to hit a high and then you will see a gradual change in the direction of the indicator. Wait for price to pierce or close outside the upper band. Then wait for the recent swing low to form to enter the trade. The short position can be exited as you adjust your take profit level to the lower price band level.

What is the MT4 border indicator?

Price Border Indicator The price border indicator for MT4 is a custom indicator that is based on the Average True Range (ATR) indicator. The indicator plots three bands on the price chart and captures the swing reversal points. Depending on the slope of the indicator, traders can identify the trends.

How to identify trend in trading with indicators?

Depending on the slope of the indicator, traders can identify the trends. Typically, the mid-band is used for detecting trends while the outer bands are used as dynamic support or resistance levels.

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Price Border Indicator Overview

After the installation of Price Border Indicator at the MT4 terminal, your chart will appear like the following image:


Price Border Indicator Anatomy

Price Border Indicator works mostly like Bollinger Bands. Its lower band represents the oversold condition of the market thus works as dynamic support of the market. The upper band level is considered as the overbought condition of the market and works as the dynamic resistance of the market. The mid-band has been included as the trend decider.


What does the price border indicator mean?

The Price Border indicator works in a similar manner to the Bollinger Bands indicator. When the price reaches the lower band of the Price Border indicator means an oversold market condition. You can treat it as dynamic support of the market. Similarly, when the price hits the upper band of the Price Border indicator, …


When to avoid trading?

It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.


Function And Usage

This unique indicator is designed for the ease and betterment of the traders to operate well. Three lines are shown by the variation that indicates the high and low swings to detect the time and source of profits. In trading, market swings are very useful to evaluate the upfront results.


Price Border Indicator Overview

After installing the price border indicator at MT4 terminal, your chart looks like the picture given below:-


Price Border Indicator Anatomy

An open situation of the market shows the validity of the trend of the market. The price which closes above the mean level shows that the market is still in the process to get benefits from.


Installation Process

As you have downloaded it, first extract the file as you see it on the top. Go to the fill menu at the left and click on the folder. Install it to the indicators and copy-paste the file into indicators folder.


PRICE BORDER INDICATOR

Price border indicator works like Bollinger band indicator. It also indicates oversold and overbought signals in the market trend. It also provides dynamic supports and resistance levels. In this indicator lower band indicates oversold and the upper band represents the overbought in the market.


USES FOR PRICE BORDER INDICATOR

The price border indicator has too many uses. Some of them are given here. This indicator is used to detect the changings in the price. Price border indicator is also used to find out the changings in the market trend. It is the best trend following indicator. It also offers the buy and sells strategies.

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