How this Digital Indicator works.?

1) From the above Image this is how it looks like very easy and simple.

  There are 8 Modes in this Digital Indicator version 4.0

   a) RESISTANCE(Close Buy Trade).

   b) STRONG-BUY.

   c) BUY.

   d) SUPPORT(Close Sell Trade).

   e) STRONG-SELL.

   f) SELL.

   g) HOLD ON.

   h) NO SIGNAL.

2) Now lets discuss in more details when to place trade. We will be placing trade only on STRONG-BUY & STRONG-SELL. So Once you will be getting SELL signal on the Indicator then wait for STRONG-SELL. As soon as you got STRONG-SELL then place trade for Sell and vice versa for Buy.

3) SUPPORT(Close Sell Trade) and RESISTANCE(Close Buy Trade). These modes are meant to close your running trades. Once it will be closed then dont place any further trade on the same currency for atleast 30 to 45 mins. Because of SnR level.

4) There are 4 Confirmations C-1, C-2, C-3, C-4. Once all these confirmations will be Sell then you will get Final Signal as SELL then STRONG-SELL and vice-versa for BUY then STRONG-BUY. Suppose you got STRONG-BUY and placed trade for BUY, and after few mins C-1 changes to SELL. Then Final Signal will be HOLD ON. If you want you can hold your trade or can close it, Its upto your wish. Once the C-2 also changes to SELL then Final Signal will be NO SIGNAL then close your Open running trade. And same for SELL trade.

5) Any changes in the trend will reflect on C-1 first then C-2, then C-3 and finally C-4 .

6) I have also kept an Alert, downside at the right corner. So keep checking it. Alert will be pop up for Buy, Sell & Closing running Trades based on Support and Resistance levels i.e STRONG-BUY, STRONG-SELL, SUPPORT(Close Sell Trade) and RESISTANCE(Close Buy Trade).

7) Dont place trade on any Currency Pair whose STRONG-BUY or STRONG-SELL has been from long time. Look into the chart, If that Currency pair changes its mode from SELL to STRONG-SELL or BUY to STRONG-BUY infront of you then place trade or if you got an Alert then go for it.

8) Very important point before placing trade, When you will be getting atleast 3 Strong Signals from the same Currency like AUD. For Ex: If getting STRONG-BUY on AUDUSD, AUDJPY, AUDCAD then only place trade, If getting signal only on 1 or 2 pair then thats not a strong confirmation, Why because may be there is Resistance level on single Currency Pair, But if getting signals on 3 Pairs from the same Base Currency or Quote Currency or more than 3 It shows resistance level already got broken and vice versa for Sell Signal then only we can consider as a perfect confirmation to place trade.