Support and Resistance Breakout Arrows
This Support and Resistance Breakout Arrows indicator is a best tool for the traders who are confused due to trading breakouts. This breakout arrow indicator tool is used for knowing the price values. These price values are determined with the help of the support and resistance level and also the breakout condition.
This indicator identifies that when there will be highly strong signal appears for the market breakout.
This is a forex trading tool. This forex strategy can be used with any type of time frame. This Support and Resistance Breakout Arrows forex strategy is compatible with any forex currency pair.
Working of Support and Resistance Breakout Arrows
This indicator works on another principal as compare to other trading indicators. There is little change condition for the oversold and overbought. There are total fourteen RSI parameters.
The oversold condition meets when the when the level ups above from the 75 factor range.
Over bought condition
The overbought condition meets when the when the level downs from the 25 fact or range.
The Support and Resistance Breakout Arrows indicator gives short term trading signals when the indicator value ups from 50 value and it gives long term position signals when the value below from -50 value.