New Buy Sell Indicator 2024 “G-Channel Trend Direction”
In this world of technology and robots, a good indicator in the forex market can help you succeed. This new buy-sell indicator 2024 can help you maximize your profits and increase the win rate of your trades.
Name of Buy Sell Indicator 2024
The name of this new Buy Sell Indicator 2024 is “G-Channel Trend Direction” by “Jaggedsoft”
This new indicator is getting popular due to the following features.
- Accuracy
- Identifying market trends
- Identifying potential buy and sell opportunities
- Helpful in swing trading and day trading
- Provides clear signals
How to attach an Indicator to your chart
To use this profitable buy sell indicator first you are required to attach this G-channel trend direction indicator to the chart. Follow the steps given below.
- Go to tradingview platform First you should go to the official website of tradingview. Then log in to your previous account or you can also sign up for free if you are new here.
- Open the Chart or specific currency pair you want to trade on Tradingview.
- Attach Indicator Tap on the Indicator button on the top. Type “G-Channel Trend Direction” in the search bar and select the indicator from the list.
- Add to favorites Don’t forget to add this best tradingview indicator to your favorite. All you need is to tap on the star button .
Settings of Buy Sell Indicator 2024
I will recommend you change the settings described below to increase the accuracy of this accurate buy sell signal indicator.
- Click on the gear button that is shown on the top left corner of the screen, when you hover the indicator name as shown in the picture down below.
- First, you should change the length from 100 to 25.
- Then go to style. Now, increase the opacity to 100% and thickness to medium for both red and green lines as shown in the picture below.
- Alter the shape of the sell signal to above the bar and the buy signal to below the bar, so that it is easier to read.
The strategy behind G-Channel Trend Direction
The strategy behind this profitable buy sell indicator is very simple and it is briefly explained down below.
Buy Signal
- The Green Line Buy signal is indicated by the green line and its bullish trend.
- Signal Confirmation of Bullish Trend When the trend line is green and the buy signal appears below the price it’s the buy signal. To confirm make sure that the price is above the middle band.
- Entry and Exit point Enter the trade when the band is green and the price is above the middle band. Exit the trade when the red line appears indicating trend reversal.
Example:
The picture below shows that the buy signal appeared, the trend line is green, the price is above the middle band and the market goes up.
Sell Signal
- The Red Line Sell signals are indicated by the red line and its bearish trend.
- Signal Confirmation of Bearish Trend When the trend line is red and the sell signal appears above the price it is a sell signal. To confirm the trade make sure that the price is below the middle band.
- Entry and Exit Point Enter the trade when the band is red and the price is below the middle band. Exit the trade when the green line appears indicating the trend reversal.
Example:
The picture below shows that a sell signal appeared, the trend line is red, the price is below the middle band and the market went down.
Stop Loss
To prevent yourself from major losses it is necessary to always set your stop loss while trading. This Buy Sell Indicator 2024 helps you to determine these levels of stop loss.
Buy Trade
For a long trade, it is recommended that always set your stop loss just below the lower band of the G-Channel.
Sell Trade
For a short trade, it is recommended that always set your stop loss above the upper band of the G-Channel.
Take Profit
You should always set your take profit level to ensure maximum profits.
Long Position
For buy trade, you should set your take profit when the price reaches its upper band .
Short Position
For sell trade always set your take profit level when the price reaches its lower band.
Conclusion
This Buy Sell Indicator 2024 can play a key role in enhancing your trading skills and this G-Channel Trend Direction Indicator is a powerful tool to maximize your winning rate in trading. Proper risk management and using this indicator wisely can improve your trading performance.
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