MT4 indicator (ToR_1.20k.mq4)

Forex MT4 indicator Download indicator: ToR_1.20k.mq4

How to trade with ToR indicator


Trending or Ranging?
This indicator monitors CCI and ADX on multiple time frames to give you a sense of a trend and its direction.

When the market is trending - use trend following indicators, when the market is ranging use oscillators and other momentum indicators or avoid trading (according to your plan).

Reading ToR indicator:


Green color - the trend is up, red - down, blue - ranging.

Arrows next to the indicator show the angle of the trend:

45 degree arrow - a trend is beginning,
90 degree arrow - a strong trend in place.
The squiggly lines represent a range - no trend.

In the Indicator settings window you can define what's to be considered a trend for ADX (if needed, review the basics of ADX trading), and set own CCI periods for all time frames.


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Comments


  • trader

How do you figure out which CCI periods are the right ones to use?

  • FxIndicators

First you look at CCI on the higher time frames, I'd suggest CCI 14 for 1H and 4H.
Then you seek trading opportunities on smaller frames: 5 min or 15 min (use CCI 14 for regular, or CCI 6 for aggressive entries). If you want to trade with 1 min time frame, use CCI 50.

  • trader

Hi ppl am a novice about forex trading... After forex news release,in 15 minit timeframe do i need or suppose to wait for 15minit be entry the market???,1hour i'l wait for another 1hour,4hours i'l wait for another 4hours and so on ..?? pls Thanks

  • trader

help is this indicator just for breakout???

  • trader

which time frame is best plz tell me

  • trader

Can you please explain to me what downhill/Uphill means?


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