OTG price action indicator V1.2. EX4 and explanation in my own words
Topic: OTG price action indicator V1.2. EX4 and explanation in my own words
regarding this OTG price action EX4, i have version 1.2 considered the latest version based on previous 1.0.. i will share it with you guys here after my thorough analysis on its functionality is mainly because i think this indicator could be useful to extremely short term player if you guys use M1 or M5 to trade ..
basically this is the workdone EX4 which i obtained from other sources and this is not my paid indicator, so credit still need to be given to the thread owner of forexfactory
so i will put the steps based on my analysis just now..
other settings remain unchanged .
1.) buy or sell based on colour (example, blue/green=buy, red=sell) continuously same colour , just stick to the first signal
2.) set tight cut loss point like 4-5 pips (if you use M1 like me)