Forex Freeway2 indicator displays multiple CCI (Commodity Channel Index) on a single chart. After you attach the indicator on your chart, do not forget to shift.
CCI is a commonly used indicator amongst the forex traders. While trading, it is important for traders to know what the market is doing on higher time frames. Following the trend gives more profit and less stress. Taking the positions by following the main trend (in this case, following 30m, 60m and 240m bars) will increase your success chance.
How to Trade With Forex Freeway:
-Wait for 30m, 60m and 240m bars to turn to green.
-Wait for 30m, 60m and 240m bars to turn to red.
Forex Freeway 2 MT4 Indicator – is based on CCI indicator. This indicator analyzes multiple CCI from several time frames. Time Frames: 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.
When all 4 TFs of the Freeway are green – Buy.
When all 4 TFs of the Freeway are red – Sell.