When you install Taotra indicator in your trading platform, your chart should look like this:
- Taotra Indicator
Taotra indicator consists of several dotted moving averages. Buy and sell signals are generated on the basis of crossovers of these moving averages and price. When the market is above these moving averages, it is a bullish signal and when the market is below these moving averages, it is a bearish signal.
Buying Conditions Using Taotra Indicator.
- Market should be trending upwards.
- Market should be bouncing from the recent support level.
- Market should be above the Taotra moving averages.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the market falls below the Taotra moving averages.
Selling Conditions Using Taotra Indicator.
- Market should be trending downwards.
- Market should be falling from the recent resistance level.
- Market should be below the Taotra moving averages.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the market rises above the Taotra moving averages
