The iProfiteer trend indicator: trading towards the main trend
iProfiteer indicator is categorized as trending and provides for opening positions in the direction of the main trend.
The iProfiteer indicator contains two types of signals:
Reversal sig - signal for a presumed trend change (displayed as an envelope);
- Yellow envelope - search for entry points in the SELL direction;
- Blue envelope - search for entry points in the BUY direction.
EntryPoint sig - input point signal (displayed as a square);
- The red square is SELL;
- The purple square is BUY.
You can change the appearance of visual display of both signals in the settings at your discretion.
Exiting the market
Presumptive exit from a deal is carried out at occurrence of a signal about possible change of a tendency on the market (Reversal sig in the opposite direction).
According to feedback from practicing traders, the iProfiteer indicator does not redraw its signals.
According to ForTrader.org experts, iProfiteer indicator can be an excellent addition to an existing trading system or a basis for creating a new trading system