Forex Freeway indicator is based on CCI indicator. Macd forex tutorials fact, it analyzes multiple CCI – from several time frames. There are 4 “roads” of Forex Freeway,read from left to right – 15min, 30min, 1 hour and 4 hours. The idea is to enter the market when all 4 CCI agree on a trend.
A trader chooses which time frames to monitor. When all 4 roads of the Forex Freeway are green – Buy. When all 4 roads of the Forex Freeway are red – Sell. When adding Forex Freeway indicator to MT4 chart, be sure your chart has “Chart shift” settings on, otherwise you won’t see the indicator – it will have no room to paint itself on the right. Once enabled, you’ll find a small triangle above your screen, see example below. You can move this triangle to adjust your charts shift. This one has additional horizontal lines across the Freeways roads, called “Road blocks”.
When freeway is all red, look for a breakout below fractal support and then go short. The indicator needs room on the right side of the chart in order to be seen. Make sure you’ve applied “Chart shift” property to the charts. I’m very new to meta trader 4 and would like to know if you could spare some time to explain how to download this indicator and implement it in MT4? Maybe this is a common question and you have written a small tutorial that I can look at. I find the script I get when I follow the download link here confusing as I have no knowledge as to this kind of computer language. In Internet Explorer: right-click on the link, Save Target As.