BS Market Displayer Vs2 Renko Indicator For FREE DownloadBS Market Displayer Vs2 Renko Indicator For FREE Download
BS Market Monitor Vs2 Indicator is a Renko chart based trading system designed to filter out all market noise (manipulation and spikes). The system operates on 2 different time frames and settings may vary depending on trader style (scalper, day trader, swing trader and position trader). Setup can be done by changing the EA configuration.
This free forex indicator analyzes price action on the chart every second and determines the ideal entry point based on a built-in algorithm, notifying you when you need to open a position.
This free forex indicator can give you trading signals . You can take them as is or add additional chart analysis as suggested to filter the signals further . While the system can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account until you become consistent and confident enough to go online.
Features
You can set the BS Market Display Indicator to send you signal alerts via mobile notifications or platform pop-ups . This is helpful because it means you don't need to stare at the chart all day long waiting for a signal to appear, and you can monitor multiple charts at the same time.
BS Market Display Indicator System can be used on any Forex currency pair and other assets such as stocks, commodities, cryptocurrencies, precious metals, oil, natural gas, etc.
How to install (important)
- Copy all files to the appropriate folders
- Restart your Metatrader 4
- Open your favorite currency pair, for example: EURUSD, GBP/USD, etc. and select the time frame M1 . Zoom out to the smallest diagram and press the HOME key on your keyboard several times. We perform this step to obtain historical data that goes back at least 1 to 2 months.
- Click Tools > Options
- Click the Chart tab and check all the boxes to insert 99999999999999 into the Maximum Number of Bars in History field and the Maximum Number of Bars in Chart field.
- Attach the "BS-Renko EA ©" EA to your chart. Its settings are as follows.
- For currencies
- SCALPER: Brick size_1 or 2, chart time range 1 hour or 4 hours.
- Day traders: Renko box size_4 or 5, chart timeframe 4 hours or 1 day.
- Swing Trader: Renko box size_10 or 15, chart time frame 1 day or 1 week.
- Suitable for high volatility assets (gold, silver, NAS, SMP, etc.)
- SCALPER: Brick size_50, chart time range 4 hours.
- Day traders: Renko box size_100, chart time frame 1 day.
- Swing Trader: Renko box size_200, chart time frame 1 week.
- Open the chart you want to trade based on your style and asset class Example: I want to trade EURUSD and I'm a day trader. (I will use brick size_4 and chart time range 4 hours).
- Click on tab File ➔ Open Offline
- If you previously attached an EA to the EURUSD currency pair, you can find EURUSD M2 (if not found, you may need to restart MT4). Click to open it.
- As a final step, attach the " updated BS SPIKE Display Vs2" template to your new diagram.
- Read More Hyperboloid Multi EA – [Cost $200] – Free
c35b34de_BS-Market_displayer_Vs2.zip
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