MBFX Timing Indicator
Platform: MT4 Type: Oscillator Last update: December 15, 2024The MBFX Timing Indicator for MT4 works in a simillar manner to oscillator, however it’s designed to provide reliable entries and exits points in the first place. As the name suggests, it tries to time the market – and we must admit – it does it pretty well.
Example chart:
Understanding the readings of the mbfx timing indicator for mt4
Typically, the signal line moves between extremes of overbought and oversold levels, which are 100 and 0 respectively. The most important is however, the colors and how and when they switch. They should be undestanded as the following:
- green – corresponds to upward bullish movement
- red – corresponds to downward bearish movement
- yellow – suggests an temporary indecision or early sign of upcoming reversal
Think about them in terms of micro-trends. They represent short-term fluctuactions but are accurately pinpointed.
EUR/USD trade analysis
Let’s have a quick glance at the above setup. As you can see, the signal line reach extreme areas (both of them) almost perfectly. This indicates that pressure in the opposite direction was likely to increase, which indeed occurred. The appearance of the yellow color signaled a meaningful price swing, later confirmed by the actual signal. Forex traders with a higher risk tolerance may choose to act earlier or wait for confirmation.
Please account that trading with the mbfx timing, all the opportunities take place within just a few candlesticks.
Submit your review | |
