Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Tangoline Indicator

Tangoline indicator is a forex trading Indicator. Tangoline Indicator is a very simple forex trading indicator. Tangoline indicator is a highly profitable forex trading indicator. Tangoline indicator generates buy and sell signals at the very right time and price. The most beautiful part of this forex trading indicator is that it works beautifully in all time frames. Where it is a one minute chart of it is a weekly chart. However, since Tangoline indicator is a trend following forex trading indicator, it works in a trending market only. The Tangoline indicator should be completely avoided in a non-trending market conditions.

When you install Tangoline indicator, your chart should look like this:

Tangoline Indicator

  • Tangoline indicator

Tangoline indicator consists of three bands. The upper band works as a resistance and the lower band works as a support. The middle band tells you about the market direction. When the market is above the middle band it indicates that the market is up trending. And when the market is below the middle band it indicates that the market is down trending.

Buying Conditions Using Tangoline Indicator.

Tangoline Indicator

  • Market should be up trending.
  • Market should be rising from the recent support.
  • Market should cross above the middle band of the Tangoline
  • Place your long position as soon as above conditions are met.
  • Place your stop loss just below the recent swing low.
  • Take your profit when the market falls below middle band.

Forex Linear Guppy Indicator

Download New Forex Linear Guppy

Selling Conditions Using Tangoline Indicator.

Tangoline Indicator

  • Market should be down trending.
  • Market should be falling from the recent resistance.
  • Market should cross below the middle band of the Tangoline
  • Place your short position as soon as above conditions are met.
  • Place your stop loss just above the recent swing high.
  • Take your profit when the market rises above the middle band.

Download Free Forex Tangoline Indicator

Our community traders work with XM.com brokerage company. If you are thinking to open demo or real forex trading account we recommend XM. They currently offer up to 5000$ bonus on your deposit find details below:

Open Forex Account

 

Open Forex Account

The post Tangoline Indicator appeared first on Forexobroker.



This post first appeared on Forexobroker – Download Our Forex Strategies And, please read the originial post: here

Share the post

Tangoline Indicator

×

Subscribe to Forexobroker – Download Our Forex Strategies And

Get updates delivered right to your inbox!

Thank you for your subscription

×