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The Top Bottom Indicator is a tool designed for forex traders seeking accurate entry points within the market. It offers a host of features, all aiming to enhance your trading strategies. In this review, we delve into the details of this advanced Forex software.
Indicator Design and Features
At its core, the Top Bottom Indicator uses the moving average formula, providing more stability and less lag compared to other indicators like RSI or CCI. The indicator allows for manual adjustments of the moving average period and line colors, enabling users to customize it to suit their trading style and preferences.
The indicator’s value ranges between 0 and 100, providing an easy way to analyze the relative position of the price. This feature makes it possible to determine when the price is in an oversold or overbought section, allowing traders to make informed decisions on when to open buy or sell positions. For instance, when the trend line is above 80, it indicates an overbought section, suggesting it might be a good time to consider opening buy positions. On the other hand, if the trend line is below 20, it indicates an oversold section, signaling it might be time to open sell positions.
Accurate Entry Signals and Multi-Period Trend Analysis
The Top Bottom Indicator provides accurate entry signals with up and down arrow signals. For optimal results, users can load this indicator into both a large timeframe chart and a small timeframe chart. Determining the trend direction from the larger timeframe chart and entering the market according to the signals on the smaller timeframe chart can boost the effectiveness of this advanced Forex software.
Creating New EAs and Alerts
Beyond trend analysis, the Top Bottom Indicator also offers the possibility of designing new Expert Advisors (EAs) based on the direction of the trend line or the divergence of the indicator. It also comes with alarm features that send alerts via emails and messages when there are up or down arrow signals. The alarms also trigger when two lines are above 80 and have an up cross or below 20 and have a down cross, ensuring traders don’t miss any potential trading opportunities.
Easy to Use and Highly Predictable
The Top Bottom Indicator stands out for its user-friendliness and high predictability. It draws trend lines in an intuitive manner, making it easy for traders to use. Since it operates within the 0-100 range, it provides a reliable prediction of relatively high or low prices. It is robust and does not frequently reverse trend signals. Additionally, it has a small lag, changing the trend line colors at the early stage of price reversal.
Is the Top Bottom Indicator suitable for all timeframes and symbols?
Yes, the Top Bottom Indicator is designed to be applicable to all timeframes and any symbols, making it a versatile tool for Forex traders.
Do the trend lines and arrow signals repaint?
No, the trend lines and arrow signals do not drift or repaint, ensuring reliability in its signals.
Where can I test the Top Bottom Indicator?
You can backtest the Top Bottom Indicator on MT5 terminals. Independent testing of this product is also available on the forexroboteasy.com website, where you can subscribe to updates on the results of testing this product.
We invite you to share your experience of using the Top Bottom Indicator. Remember, this is an independent product review, written with the aim of providing a comprehensive overview of this advanced Forex software.