How to read Forex Freedom Bar
The indicator is based on CCI (Commodity Channel Index) indicator.
It lines us all CCI readings across multiple time frames, allowing to spot the moment when all CCIs signals agree on a trend. Red - uptrend, blue - down trend.
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.
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How do you exit the trade?
When one of the indicator's bars changes its color, you exit.
How do you d/load an indicator when its not in a file.
All others that i have d/loaded are in a meta quote file
Could you advise
much appreciated
hi do that>>> click right mouse on linked indicator name then choose save linked content as..
thanks, this worked.
hi,doesn't the indicator color repaint?
It does not repaint after a price bar is closed.
This indicator is based on CCI, is there an equally good MTF indicator like forexfreedom based on RSI? Thanks a million times for your assistance.
RSI_Bars_M_v3.ex4
The colored dots at the Base of the bars show the direction:
Red = DOWN
Blue = UP
Silver = NEUTRAL
pls is there an indicator called snakeforce and how reliable is it ?
If you heard about it, it probably exists.
I've, however, never saw or tried it.
Hi,
Can you let me know how these files can be used in FXCM charts? They support only lua extn files.
Thanks for your effort & help.
.mq4 and .ex4 files will work only on MT4.
Besides its proprietary platform, FXCM also offers MT4.
how much percent does this indicator works??
I don't know the percentage stats. All depends on the currency pair and the time frame you trade with.
bullshit, it repaints... every multi-time-frame indicator or EA repaints.
i really don't know now to get the _Forex_Freedom_Bar.mq4 indictor working, can't even integrate it into my metatrader
Check out this page: How to install custom indicators
Please Explain the auto display on the freedeom bar.
Hello Sir , thanks a lot .But how do you put your Stop & Limit ??
I leave Autodisplay set to false (the default setting). I don't know how it'll work when set to True.
Regarding stops & limits, this indicator doesn't suggest them, so it'll all individual - depending on the system you use etc.
Where do i download this indicator?
hello..
what a wonderful indicator..
i would to suggest, how about when all became same at first time,
some alarm trigger... as sound maybe...
hi..
I have installed the indicator but all i am getting "n"... all blue and red n's... please if you have faced this problem, please help me..
best regards
sam
Sorry, Sam
I don't know what that is..
To trader who asked about downloading: MTF_Forex_Freedom_Bar.mq4
Pld sir,I place the bar in all my currency pair but I found out that in my EUR/USD,there is buying signal and the colours are blue but in my USD/CHF,there is also buying signal but the bar are red.pls sir what do I do in order not to contradict myself?
When all colors on the Freedom_Bar are blue for EURUSD - that's a signal to buy EURUSD.
When the colors are red on USDCHF that's a signal to sell USDCHF. How do you get your buying signals? ...If you use other indicators and they send you those opposite signals, then consider not trading the pair until indicators come to an agreement.
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