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Indicator usage algorithm

1. Choose a timeframe for market entry on the chart. Recommended TFs for entry: H1, M30, M5, M3, M1 2. Choose the necessary filters or their combination and wait for the signal candlestick. 3. Then place a limit order on the signal candlestick. Set the stop-loss below the signal candlestick, take-profit - on the opposite volatility boundary, hight/low of the higher timeframe, or depending on the risk management strategy.
  • In case the signal candlestick is quite volatile and has a large spread, placing a limit order at 50% of this zone is permissible.
  • If you use the Imbalance Filter, you can place a limit order in the middle of the marked zone to increase the probability of entering a position.
  • Opening a position using a market order when a signal candlestick appears is not part of the strategy logic since it increases commission and limits trade potential. However, if you understand the market context, such a market order entry can be implemented.
Additional methods of using the Market Interest Candlestick indicator The optimal task for a trader is to use a combination of different filters and timeframes to identify the best entry points. It's also possible to trade in the direction of the appearance of a High Time Frame (HTF) zone without waiting for a retest, as each zone effectively indicates a trend, and trades from signal candles with specific filters can be used to join that trend. Additionally, any signal candle or MI HTF zone can be used for mirror entries.