How to trade with Forex Freeway indicator
Forex Freeway indicator is based on CCI indicator. In 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.
Trading signals are interpreted the following way:
When all 4 roads of the Forex Freeway are green – Buy.
When all 4 roads of the Forex Freeway are red – Sell.
Important: when you set up the indicator
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.
(Right click on your chart -> Options -> Common -> enable Chart shift)
Once enabled, you’ll find a small triangle above your screen, see example below. You can move this triangle to adjust your charts shift.
Download indicator: Forex Freeway v.2