The EFC indicator is an indicator used to detect the reversal trends in the market trend and opens the position for reversals. This indicator gives high possibilities for reversals. This indicator has the best setup for activating traders to trade.
EFC INDICATOR FREE DOWNLOADS:
EFC Indicator detects the oversold and overbought in the market trend with the help of relative strength indicator. Since it works on EFC indicators such as RSI 80-20 strategy works the same way, so you will get similar to the strategy. We suggest you to give the image of EFC indicator virtually and when we see a possible entry.
EXPLANATION Of EFC Indicator:
The EFC indicator helps to trade in forex trading system by creating precise trade entries. It is a customized indicator. This indicator works with all time frames. It uses all the currency pairs for trade. It recommends sticking on only one time frame and making healthy trade by trading on only that time frame.
This indicator is not an automatic indicator. It just shows you where to sell, where to buy, where to stop loss and where to take profit, you have to do all things by yourself.
EFC Indicator has specific steps for its usage. The first step is that you have to search the currency pairs in the indicator at which you want to trade and wait for the orange entry line. After that, wait for the divergence of the signals. It happens when the colour of candlesticks turn blue and the last step is that when the signals diverge and price action reaches the entry line then you have to activate the EFC indicator for trade. Whenever the green arrow heading upward appears then the currency pair is having a reversal trend.
PARAMETERS IN EFC INDICATOR:
- Period: it is the period for the RSI indicator that is used to confirm the trend patterns in the market trend.
- Applied price: It is the price at which the indicator is applied to the indicator chart.
- Overbought and Oversold Levels: In this indicator ,the overbought level is 80 and oversold level is 20. These are the levels at which currency pairs are overbought or oversold.
- Stop loss and Take profit: This indicator also has this parameter, with the help of these parameters you can minimize the risk of loss and can take profit as you want
- Drawing settings: This indicator also has drawn mode with the help of this parameter you can change the colours of the candlestick patterns and arrows. You can colour the candlestick for a short position as red and long positions as green.
- Candle width: These parameters enable the users to change the shape of the candlestick.
USES of EFC Indicator
The EFC indicator has too many uses. Some of the most important uses are here. This indicator is used to show reversal patterns and market trends.
EFC Indicator uses different parameters for ease of understanding. These indicators provide high possibilities to earn profit in the trade. It is an oscillator in nature. It gives precise measurements.
Uses of EFC Indicator:
Currency pairs: All
EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD, USDCAD,EURJPY, EURCHF, EURGBP, EURAUD, EURNZD, EURCAD,GBPJPY, GBPCHF, GBPAUD, GBPNZD, GBPCAD AUDCAD, AUDNZD, AUDJPY, CHFJPY, NZDJPY, CADJPY, CADCHF, NZDCHF
Trading Time: 24 Hours
Timeframe: EFC Indicator
Recommended broker: All trusted brokers
Remember, Before use EFC Indicator you can test on Demo account. When you will expert then you will use in Real account of trading.
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