Magic Dot Indicator is a traditional Indicator from hector to identify Sharp bounces From S\R Levels. If you want to get the clear impression on the chart you should become aware of that this magic indicator is ideal. If you obtain a blue dot price it reverses furthermore if you obtain a red dot it reverses. The another thing is that the indicator sometimes get repaints. You can also occasionally code buy/sell arrows that will be in the accurate same place these dots are.
This Indicator will never provide Buy/Sill signals that means you don’t go into With every signal simply when price come to resistant Or Support And Start Turning In the Direction of the trend. You need to wait for A signal from indicator plus then take the trade as Far as I can observe from the images It detects Swings thus If the candle lock with the Signal It will still be there . You are only supposed to go round on the indicator previously you have recognized a range of patterns and are about to come in a trade.
You are most welcome in our blogs and feel free to leave your valuable comments.