PipFinite Strength Meter [Indicator Reviews]

PipFinite Strength Meter [Indicator Reviews]

PipFinite Strength Meter uses an Adaptive Algorithm That Detect Price Action Strength In 4 Important Levels!

This powerful filter gives you the ability to determine setups with the best probability.

PipFinite Strength Meter Features

  • Universal compatibility to different trading systems
  • Advance analysis categorized in 4 levels
    • Level 1 (Weak) – Indicates us to WAIT. This will help avoid false moves
      • Weak Bullish – Early signs bullish pressure
      • Weak Bearish – Early signs bearish pressure
    • Level 2 (Moderate) – We can look to enter trades with confirmation
      • Moderate Bullish – Evident sign of bullish pressure
      • Moderate Bearish – Evident sign of bearish pressure
    • Level 3 (Strong) – Stronger direction. We can look to enter trades with less confirmation
      • Strong Bullish – Higher probability and confirmed bullish pressure
      • Strong Bearish – Higher probability and confirmed bearish pressure
    • Level 4 (Impulsive/Exhaustive)- Take CAUTION, it required further analysis since price can go either way
      • Impulsive/Exhaustive Bullish – Extremely bullish. Can indicate 2 scenarios
        • Strong bullish breakout. A sign of a strong uptrend. Recommended to ENTER buy/long positions
        • Climactic move in uptrend, a sign of bearish reversal. Recommended to EXIT long/buy positions
      • Impulsive/Exhaustive Bearish – Extremely bearish. Can indicate 2 scenarios
        • Strong bearish breakout . A sign of strong downtrend. Recommended to ENTER sell/short positions
        • Climactic move in downtrend, a sign of bullish reversal. Recommended to EXIT sell/short positions
  • Strength Filter – Ideally used to confirm your trade setups
    • Bullish & Bearish Level 1 – Avoid any signal from your system
    • Bullish Level 2 & 3 – Only look for buy setups on your system
    • Bearish Level 2 & 3 – Only look for sell setups on your system
    • Bullish & Bearish Level 4 – Analyze which direction the market may go
  • Never repaints
  • Never backpaints
  • Never recalculates
  • Calculation fixed at “Close of the bar”
  • Works in ALL pairs & Timeframes
  • Compatible with Expert Advisor development

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