IQC Zone trading on Forex
The IQC Zone technical indicator utilizes an advanced artificial intelligence (AI) algorithm, which generates bullish and bearish signals based on the price action on a chart. The chart is broken down into two zones on the charts: Bullish zone (blue/green) and Bearish zone (red)
What makes the IQC Zone indicator different from most other indicators is that it does not show an absolute buy or sell signal. It more or less give the sentiment of the market The IQC Zone indicator is not meant to be used for intra day trading and is best calculated with the end of the day prices. When you use it in the Forex market just make sure you stay consistent to the time you will treat as your “end of the day”.
IQC Zones give the Forex trader another tool to consider before entering a position. For example if the trader which to go long a particular currency pair but he IQC is in the negative zone, the trader may want to wait before initiating the trade.
Some of the ways I use IQC Zone for market climate is:
- If the indicator is going from bearish to bullish this is a bullish sign
- If the indicator is going from bullish to bearish this is a bearish sign
- If the indicator starts jumping back and forth I will stand aside until a firm direction is known
- If a long term direction starts to change I will tighten the stops and not add any positions until the trend continues.