Launcher Directional Indicator

The Launcher Directional indicator for MetaTrader is a semi-automated trading tool built with 3 distinct trend analyzers that deliver incredible trading tips and signals. This 3-in-1 indicator identifies the trend direction and paints buy/sell entry signals, gives trading tips (e.g. suggests the ideal stop loss zone, recommends the direction to trade in, etc.), and also identifies support/resistance zones. The indicator uses the trend channel lines to frame the direction of the market and depicts a buy/sell entry with a blue/red dot. Furthermore, the outer (thicker) line of the channel is the support/resistance zone, where the price tends to change direction. What’s more, the indicator also comes with a tool that recommends the ideal action to take in a particular market situation. Moreover, the indicator would come in handy for both novice/intermediate forex traders in identifying trading opportunities. Besides, it is ideal for different trading styles like scalping, day/intraday, and swing trading. However, it is recommended to be used along with price action/other technical indicators for better efficiency. How to Trade With the Launcher Directional Indicator The above image depicts the action of the indicator on the CADCHF currency pair in the H1 timeframe. It illustrates how a buy signal was identified using the indicator and price action. Firstly, the indicator identified a bullish channel, which defines the trend. Furthermore, the price interacted and was rejected (wicks) at the support zone, which also suggests a potential bullish move. Finally, the price also retested the demand zone and closed above it, signaling a buy entry. Conclusion The Launcher Directional indicator for MT4 is an advanced trading system that automatically analyzes the market with different technical tools that identify the best time and zone to make a trading decision. Finally, it is free to download.