Forex Freeway 2 Indicator for MT4

Introduction to the Forex Freeway 2 Indicator

The Forex Freeway 2 Indicator for MT4 is based on the calculations coming from several CCI indicators. Free download.

The idea is to enter the market and open a trade when all four CCI agree on a trend.

By default, it uses CCI readings from 15 min, 30 min, 1 hour, and 4 hours timeframes.

It requires the RSX indicator to work properly.

Important note:

When adding the Forex Freeway indicator to your MT4 chart, make sure your chart has “Chart shift” setting turned on.

Otherwise, you won’t be able to see the indicator, as it will have no room to paint itself on the right side of the chart.

Closer look at theForex Freeway 2 Indicator

The free download link of the Forex Freeway 2 indicator for MT4 is placed at the bottom of this post. Once you’re done, your trading chart should look similar to the example below.

Forex Freeway 2 Indicator MT4 Example Chart

As you can see, there are four green-colored vertical bars, which means they all are in agreement. A trader should look now for long trade opportunities.

How to set up the Forex Freeway 2 indicator in MetaTrader (MT4)?

Installation Guide

Download the forex-freeway-2-indicator.rar archive at the bottom of this post, unpack it, then copy and paste the Forex_Freeway_2-RSX.ex4 or Forex_Freeway_2-RSX.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The Forex Freeway 2 indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success.

Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions.

Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.

Download Free MT4 Forex Freeway 2 Indicator

To download the Forex Freeway 2 Indicator for Metatrader 4 (MT4) for free just click the button below:

Forex Freeway 2 Indicator Free Download

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