300Pips.com – Forex Risk Calculator, Signals & MT4/MT5 Tools

300Pips.com Retracement Indicator

SAMPLE BUY

SAMPLE SELL

The Retracement indicator will show the following info automatic for you:

Is the pair providing a BUY trading opportunity for the period? : A Green Box will shade the entire period. This indicates price has fallen for the period and has not retraced to the .382% since it put in its lowest low, therefore is due for a retracement. In addition, the top right corner shows BUY to confirm. The target will be the .382% retracement level of the period. This level is drawn by a dotted line and also listed in the comments on the left top corner. We are always looking to trade the closed period. Once a new period begins, The tradable period is listed in the comments as Previous Period. The indicator also provides an 13 Week ATR for the period in the top right corner.

Is the pair providing a SELL trading opportunity for the period? : A Red Box will shade the entire period. This indicates price has risen for the period and has not retraced to the .382% since it put in its highest high, therefore is due for a retracement. In addition, the top right corner shows SELL to confirm. This level is drawn by a dotted line and also listed in the comments on the left top corner. We are always looking to trade the closed period. Once a new period begins, The tradable period is listed in the comments as Previous Period. The indicator also provides an 13 Week ATR for the period in the top right corner.

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