ALF Winner serves for definition of a trend by formed characteristic reversed parts of the indicator in the interval of 0/100. For intraday trading input parameters values should be decreased, for example, to Period=2, Average=4 values.
The AFL Winner forex indicator is an awesome short-term trend following trading oscillator which can be used for scalping and day trading on any time frame.
The AFL Winner indicator fluctuates between two extreme values, 0.00 and 105.
AFL follows the short-term trend and draws lime and red bars on a separate chart window.
- Green bars are said to be bullish and currency traders look for buy trade opportunities
- Red bars are said to be bearish and currency traders look for sell trade opportunities
For more profitable buy signals, wait for the green bars to reach oversold territory (near the 0.00 level).
Conversely, for more profitable sell signals, wait for the red bars to reach the overbought territory (near the 105 level).
Use together with a trend-following indicator to create a real forex trading system.