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SnakeForce - Indicator for MetaTrader 4

SnakeForce
TypeIndicators PlatformMT4 Version10 Date created 4 March 2016 Date updated19 August 2017
Formatmq4 Size6.2Kb Downloads373 Rating
4 of 5
based on 95 rates

The indicator is used in conjunction with the Snake tool, which shows the average price value in the form of a smooth line that repeats the price movement. SnakeForce reflects the strength of bears and bulls in the market. Appearance of the green bars on the chart indicates a predominance of the bullish trend. Accordingly, the red bars appear when the force is on the bears side. Bars of neutral color reflect an uncertain movement.

The indicator is not recommended to be used as an independent instrument for technical analysis. It does not give concrete trading signals, but only allows to assess the overall market situation.

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