Recently, our programmer found on internet MBFX timing indicator source file and he edited one version.
In this new version in the left-up corner, we added a trend dashboard. Using several moving averages, this part of the indicator evaluates trends for intraday, two days, and weekly trends.
Below you can see the indicator on the GBPUSd chart.
Please download indicator below:
MBFX timing indicator free download
MBFX Timing Indicator shows micro trends. Green color represents a bullish trend, orange color represents a bearish trend and yellow color transitional period.
This indicator can be used in combination with the Bollinger Bands indicator or any other band indicator.
Possible strategy :
BUY if the Intraday trend is bullish AND B. Band indicator is in bullish mode (middle line rising) AND last hour close has green color on MBFX Timing Indicator.
Sell if the Intraday trend is bearish AND B. Band indicator is in bearish mode (middle line falling) AND last hour close has orange color on MBFX Timing Indicator.
Close trade if the intraday trend change.