Our programmer recently found an MBFX timing indicator source file on the internet, 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-day, and weekly trends.
Below you can see the indicator on the GBPUSd chart.
Please download the indicator below:
MBFX timing indicator free download
MBFX Timing Indicator shows micro trends. The green color represents a bullish trend; the orange color represents a bearish trend and the 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.