The A-Gimat reversal indicator is an amazing indicator for forex trend reversal trading. It uses the classic ZigZag calculations to identify the best price top and bottom. Moreover, it works as a standalone trading system and identifies the best entry and exit points. This indicator is best suitable for forex trend traders. However, traders should note that the indicator continuously recalculates due to the nature of ZigZag calculations.
Features of A-Gimat Reversal MT4 Indicator
The indicator plots an up arrow once it identifies a price bottom. Similarly, a down arrow appears once a top is identified. Traders can buy at an up arrow and sell at a down arrow.
The best trading strategy is to hold the position and exit at the opposite trading signal. This enables the traders to ride the trend and exit with maximum profits. Traders can use the indicator in confluence with others in technical analysis.
This indicator recalculates the tops and bottoms as price continuously discovers new peaks and troughs. Though this can be confusing for new traders, it enhances the capability of the indicator and helps traders to ride the trend with maximum benefit.
Benefits of A-Gimat Reversal MT4 Indicator
The simplicity of this indicator with just and up or down arrow helps traders to navigate the price charts with ease and focus on the trading. It works on bullish and bearish markets and works on all intraday price charts as well as daily, weekly and monthly charts.
As a result, the indicator is beneficial for scalpers, short and long-term forex traders. Furthermore, traders can use this indicator to formulate automated trading strategies as a standalone trading strategy. Additionally, it can be incorporated with other indicators to provide trade confirmation.
Indicator Settings Description
ExtDepth:, ExtDeviation:, ExtBackstep: Input for indicator signals, a higher value produces fewer trading signals.