Pip Boxer Metatrader 4 Indicator

The Pip Boxer indicator oscillates above and below two extreme values, -100 level and +100 level. -100 level indicates oversold markets. +100 level indicates overbought markets. Use oversold values to go long in uptrends. Use overbought values to go short in downtrends.

Trading Signals

BUY: In uptrends: Go long if Pip Boxer crosses -100 from below.
SELL: In downtrends: Go short if Pip Boxer crosses +100 from above.

Use in conjunction with trend analysis indicators/trend lines (see picture below) to determine the primary trend. Avoid trading against the primary trend.

Download

Download the Pip Boxer Metatrader 4 indicator.

USD/JPY Daily Chart Example

pipboxer_indicator-metatrader4

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