Note: do not use it as a stand-alone indicator. You should consider the Xmaster formula indicator as a technical supplement to the overall trading strategy and the in-depth technical analysis.

The indicator works during the London trading session ĭespite the fact the indicator can provide pretty good results at first, it should be used together with other technical indicators that may refer to various categories.

The indicator can be used to track major currency pairs.

Xmaster Formula Indicator Characteristicsįirst of all, we need to define the key features that define the indicator. As for price trend identification, the concept is always the same. So, each version of the tool is quite the same though with a slightly different take on the way one will apply the formula. The one thing traders should keep in mind is that it is a no-repaint indicator. The Xmaster formula indicator comes in many variations and versions.

They all help locate and identify support and resistance levels along with potential price reversals. It comes with a built-in system that relies on stochastic, MACD, Bollinger Bands, and other technical indicators. Judging by the indicator’s name, it is clear that we are dealing with a formula-based instrument.

What’s more, it can be used across different financial markets. One is not supposed to be a proven financial expert to use or read it on a chart.ĭespite its simplicity, the indicator may turn out to be a very powerful tool that can be customized to any period. It is a technical analysis-based instrument used by traders to identify trends. The Xmaster Indicator Definedįirst of all, we need to clarify what the Xmaster indicator is. In this review, we will show the main indicator's characteristics as well as ways to add it to trading charts.

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