Float MetaTrader indicator — a sophisticated indicator that analyzes
the previous chart history for the given currency pair and then tries to analyze
the trends in the current situation. It shows the trends' beginnings and ends in
a separate chart window and the Fibonacci retracement levels combined with the
DiNapoli levels on the main chart. It also displays how long ago the local high
and low were detected.
The indicator is available in MT4 version.
Download: 100% Free - Float MetaTrader indicator (ZIP)
As you can see, the trend's beginning and the end are marked clearly on the chart with this indicator.
You can attach it and wait for the beginning of the next trend and then decide whether to buy or sell.
Fibonacci retracement levels can be used for the target and stop-loss levels.
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