Valid Swing High Low Indicator for MT5

The Valid Swing High Low indicator is an MT5 indicator that tells you about recent swings. Using the indicator, you can easily go long or short. The indicator comes with major and minor swing colors, sizes and a moving average. In addition, whenever there is a trend change, the indicator draws green and red dots. The moving average acts warning benchmark to confirm swing lows/highs. Hence, whenever the trend changes direction, you may be able to trade accordingly. How to trade with the Valid Swing High Low indicator? As mentioned earlier, the Valid Swing High Low gives you an overall picture of the recent swing lows and highs. This is the easiest to follow tells you exactly when to go long or short. The green dot indicates the bullish reversal and on the other hand the red dot indicates a bearish reversal. Let's find out the strategy of buying and selling by the indicator: Valid Swing High Low Indicator buy strategy Find the green dot with the recent swing. Wait for the trend to continue. Go long on the candle where the swing low circle appears, or go conservative on the next candle. Place a stop loss below the recent swing low. Set your take profit to the next swing high at the red dot. Valid Swing High Low Indicator sell strategy Find the red dot with the recent swing high. Wait for the trend to continue. Enter a short trade on the candle where the swing low circle appears, or trade on the next green dot for a conservative approach. Place your stop loss above the recent swing high. Set your take profit at the next swing low. Conclusion You can use this indicator on any time frame. Since there is no Holy Grail system, there is a possibility of losing with the indicator. You can combine the indicator with oscillators like the RSI or Stochastics for further confirmation of the signals.