Complex Pair works similarly to other indicators as CCFp and CCp. These indicators compare several currency pairs and draw a specific line for each of them. On the other hand, Complex Pair shows only the MA of one selected pair, it does not takes all other pairs into calculation, so that you can have on your chart the only information you really need for trading.
There are several trading methods how to use Cluster Indicators:
- Selecting potential pairs, on which trends may start;
- Identifying entry and exit times;
- Tracing long-term and medium-term positions;
- Trading divergence between the price and the Cluster indicator. Read more about Complex Pair Divergence.
For more information about using Cluster Indicator for forex trading, go here.
- File: Complex_pairs.mq4
- Size: 10 Kb