Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

My NO.1 indicator for mt4 (Meta trader 4) #forexindicator #mt4indicator #forexeducation

25 Jan 2023 · 1 min

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Vladimir Ribakov shows his False Break and Convergence indicator for MetaTrader 4, which automatically spots MACD divergences and fake breakouts like false lows and highs. The tool flags these setups on live charts to help traders avoid misleading moves and time entries better.

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indicator number one indicator for me, it's my personal creation False Break and Convergence indicator. On this very chart, you will see that right in these conditions here and here. Okay, this indicator knows to identify when a divergence, a bullish or bearish, positive or negative divergence, is created on the MACD, one of the indicators I love so much. Okay, when false breakout conditions happen and we get fake lows like you can see here and fake highs, and when the market manages to create that