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Trading indicators have many different uses, some inform traders about trends and their strength, others about volumes and then there are those that can inform about the market situation from several angles.
The Polarizer is just such an indicator. With it, traders know at a glance if the price is moving above/below a certain average, which can also determine to some extent whether the market is currently in a trend or even if the price is currently near a line from which it could bounce back in a short time.
- Breakouts and bounces indicator
- User difficulty: advanced
- Usability: Oil, Gold, Stocks, Forex
- MetaTrader 4 Compatibility
- Free indicator updates
The easiest way to trade with this indicator is by using the blue center line, where you just wait for the price to cross this line and then enter (see chart below). However, another slightly more complicated way, which requires some experience, is trading through the red border line, where you need to pick the moment of oversold/oversold well and then enter the trading position (these are bounce lines, so entries here are usually made against the direction of the hit)
Download the Polarizer from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.
