MTF_Forex_Freedom_Bar
Comrade
How to trade with Forex Freedom Bar
There are no limits as to what time frame can be used for entries/exits.
This custom MT4 indicator also allows to choose the time frames to display.
Use the following parameters:
43200 - monthly time frame
10080 - weekly
1440 - daily
240 - 4 hour
60 - 1 hour
30 - 30 min
15 - 15 min
5 - 5 min
1 - 1 min
When all 4 time frames turn red - time to sell, expect a strong downtrend; blue - buy, strong uptrend.
Another use of the Forex Freedom Indicator is to observe and trade on price pullbacks.
For, example, if we have:
Daily - red, 4 hour - red, 1 hour - red, but 15 min - blue
there is a retracement on 15 min chart, it is a good idea to check out the 15 min price chart and watch for good entry opportunities at the end of the retracement.
