Forex Freeway 2 Indicator
Platform: MT4 Type: Oscillator Last update: October 19, 2024The Forex Freeway 2 Indicator for MT4 is based on the calculations coming from several CCI indicators. 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 the Forex Freeway 2
Once you’re done, your trading chart should look similar to the example below.
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.
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