Metatrader Indicator STLM-Div indicates fractal divergence by STLM Low Frequency Digital Filter. When divergence appears between STLM Filter and the price, it indicates that the current trend will finish soon. A signal to buy is when a new Low-fractal is formed below the previous one and a corresponding STLM value is higher than the previous one. A signal to sell is when a new Up-fractal is formed above the previous one and a corresponding STLM value is lower than the previous value. The indicator has a lot of customizable settings.
Please be advised that any financial operations on Forex market maybe profitable and maybe non profitable. Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. |
