Sweet spot indicator is an indicator that is used to know the all profit and loss conditions on the chart. This is used to know the total price levels in the trading. This is a forex trading system strategy. This indicator can be used with any forex trading strategy.
Sweet spot Indicator
This indicator guides traders to know that at which level the price wil up and at which level the Price will low.The sweet spot indicator plays a role of guider for the traders that tells that either the trade should be continued or terminated.
There is a horizontal line on the chart that represents the working of the sweet spot indicator. There are different levels on the chart that are called price levels. These price levels are start from the different ranges like 00, 35, 45 and 50 etc. The complete representation may be like that 1.34500 etc. When the price level line stops on a specific values or level that are famously called round levels then these levels hepls traders that they should continued or stopped the trading.
The continue condition in the sweet spot indicator occurs when the horizontal line becomes red and the price level becomes 00.
The stop condition in the sweet spot indicator occurs when the horizontal line becomes green and the price level becomes 35 or 45 et .
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