This document provides a summary of the FXCS indicator package by Forex Chart Setups. It describes 7 indicators included in the package: the Breakout indicator, which identifies consolidation areas and breakout price points; the Currency Strength indicator, which calculates currency pair strength and bias; the Market Hours indicator, which shows current and upcoming session times; the Harmonic indicator, which identifies harmonic patterns; the Confirmation indicator, which finds price reversal areas; the Support and Resistance indicator, which plots support and resistance levels; and the Sun indicator, which identifies overbought/oversold levels and double tops/bottoms. More information can be found by joining their free Telegram channel.
This document provides a summary of the FXCS indicator package by Forex Chart Setups. It describes 7 indicators included in the package: the Breakout indicator, which identifies consolidation areas and breakout price points; the Currency Strength indicator, which calculates currency pair strength and bias; the Market Hours indicator, which shows current and upcoming session times; the Harmonic indicator, which identifies harmonic patterns; the Confirmation indicator, which finds price reversal areas; the Support and Resistance indicator, which plots support and resistance levels; and the Sun indicator, which identifies overbought/oversold levels and double tops/bottoms. More information can be found by joining their free Telegram channel.
This document provides a summary of the FXCS indicator package by Forex Chart Setups. It describes 7 indicators included in the package: the Breakout indicator, which identifies consolidation areas and breakout price points; the Currency Strength indicator, which calculates currency pair strength and bias; the Market Hours indicator, which shows current and upcoming session times; the Harmonic indicator, which identifies harmonic patterns; the Confirmation indicator, which finds price reversal areas; the Support and Resistance indicator, which plots support and resistance levels; and the Sun indicator, which identifies overbought/oversold levels and double tops/bottoms. More information can be found by joining their free Telegram channel.
THIS GUIDE WILL GO THROUGH THE CUSTOM INDICATOR PACKAGE BY
FOREX CHART SETUPS
FXCS BREAKOUT INDICATOR
THIS INDICATOR SCANS THE MARKET FOR CONSOLIDATION AREAS, PLOTS THESE AREAS, SHOW BREAKOUT PRICE POINTS AND KEEPS TRACK OF HOW MANY BREAKOUTS WERE SPOTTED ON THE SPECIFIC CHART AS WELL AS HOW MANY PIPS IN PROFIT WERE MADE.
CONSOLIDATION AREAS ARE INDICATED ON THE CHART BY A LIGHT BLUE
RECTANGLE. ONCE THE CONSOLIDATION AREA IS MARKED, THIS INDICATOR FINDS BREAKOUT LEVELS WITH THE MARKET PRICES INDICATED. PIP COUNTS ARE INDICATED BY ORANGE
ADDITIONAL INFORMATION IS DISPLAYED IN THE UPPER RIGHT HAND CORNER
FXCS CURRENCY STRENGTH INDICATOR THIS INDICATOR DISPLAYS A CALCULATED STRENGTH OF EACH OF THE PAIRS. IT THE CALCULATES THE STRENGTH AND BIAS OF THE SPECIFIC PAIR YOU ARE VIEWING. FXCS MARKET HOURS INDICATOR THIS INDICATOR DISPLAYS THE SESSION THAT IS CURRENTLY OPENED, IF SESSIONS OVERLAP, BOTH WILL BE DISPLAYED AND YOU WILL SEE VALUES STATING WHEN EACH SESSION WILL CLOSE.
FXCS HARMONIC INDICATOR
THIS INDICATOR SCANS THE MARKET FOR IMPULSIVE LEGS. IT THEN PLACES THE FIBONACCI RETRACEMENT TOOL ON EACH OF THESE LEGS, LOOKING FOR HARMONIC PATTERNS IN THE MARKET. ONCE IT FINDS ANY OF THESE HARMONICS, IT DISPLAYS IT ON YOUR CHART. FXCS CONFIRMATION INDICATOR THIS INDICATOR IS USED TO FIND AREAS WHERE THE PRICE IS OUTSIDE OF THE NORMAL PRICE RANGE. THESE AREAS ARE REVERSAL AREAS.
THE REVERSAL POINTS ARE INDICATED BY TWO DIFFERENT STRENGTHS.
SMALL CIRCLES AND DOUBLE CIRCLES
SMALL CIRCLES INDICATE PRICE IS OUTSIDE OF THE NORMAL RANGE BY 1
STANDARD DEVIATION.
DOUBLE CIRCLES INDICATE PRICE IS 2 STANDARD DEVIATIONS AWAY FROM THE
NORMAL RANGE FXCS SUPPORT AND RESISTANCE INDICATOR THIS INDICATOR LOOKS AT MOST RECENT PRICE DATA TO PLOT SUPPORT AND RESISTANCE LEVELS FOR M5, M15, H1, H4,1D AND 1W WHICH ARE DISPLAYED ON THE TIMEFRAME YOUR CHART IS ON.
FXCS SUN INDICATOR
THIS INDICATOR SPOTS OVERBOUGHT AND OVERSOLD MARKETS. AS WELL AS SPOTTING DOUBLE BOTTOMS AND DOUBLE TOPS AT REVERSAL AREAS MINOR TURNING POINTS ARE INDICATED BY YELLOW DOTS.
MAJOR TURNING POINTS ARE INDICATED BY PINK DOTS.
MAJOR SWINGS ARE INDICATED BY THE SUN.
DOUBLE BOTTOMS ARE INDICATED BY BLUE TRIANGLES. DOUBLE TOPS, BY RED
TRIANGLES. BREAKOUT PRICE LEVELS ARE ALSO INDICATED ON DOUBLE TOPS/BOTTOMS
TO FIND MORE INFORMATION OR TO GET THESE INDICATORS CLICK HERE TO JOIN OUR FREE TELEGRAM CHANNEL (t.me/fxchartsetup)