RenkoStreet Forex Indicators. Always follow your trading plan. Not following the trading plan is the number one mistake traders make. You must know exactly what you are going to do from start to finish BEFORE you enter a trade, and stick with it. Don’t second guess yourself in the middle of a trade. If you can’t overcome this hurdle you won’t be around as a trader for long.
No more guesswork in trading. Money Machine does not exist. There is no one single super smart Forex trading tool which gives you profit, profit and more profit.
The only possible solution is to use a combination of different tools –System identifies the favorable market forces to get a maximum number of high probability trades over a period of time.
This is the Currency Strength Meter Indicator.
This indicator has unique strength meter value between 0-100.
If you get “BUY” alert with strength meter value is 100, it means that you get the best signal. Or if you get “SELL” alert with strength meter value is -100, it means that you get the best signal, too. But the value is not always 100 or -100 to enter market. Once you get alert, it has been qualified to enter the market.
Please note that if you find symbol prefix in your currency pair, this indicator won’t work by default.You have to set it manually. Right click on your chart –> Indicators list –> Renkostreet STF –> edit.
GBPUSDecn, you can type “ecn” without the quotes.
EURUSDm, you can type “m” without the quotes.
It draws lines and dot-circles.In this indicator you will see that dot-circles is repaint.But don’t worry, we only need to enter a trade when 3 indicators have been confirmed each other.
By this indicator,I usually define SL and TP.See horizontal lines: red and lime. I use red line as a Resistant and Lime is Support.
Showing Trend of the recent market. This indicator window show us red-lime signals where red color is sell signal and lime is buy signal.
Same with other indicators, we can not use single signal from this indicator only, it should be combined by other.