The Weis Wave 3c forex indicator for Metatrader 4 is a very useful and beginner-friendly tool working in buy and sell waves while connecting the high and low waves to each other.
Green histogram bars represent a high wave (price is trending up). Red histogram bars represent a low wave (price is trending down).
Some examples of the signals:
Basic Trading Signals:
Signals from the Weis Wave 3c MT4 forex indicator are easy to interpret and go as follows:
Buy Signal: Open a buy trade when the first green Weis Wave 3c histogram bar appears below the main activity chart. Place a stop loss below the previous Weis Wave 3c low support.
Sell Signal: Open a sell trade when the first red Weis Wave 3c histogram bar appears below the main activity chart. Place a stop loss above the previous Weis Wave 3c low resistance.
Combine this wave indicator with other technical indicators for more accurate trend predictions.