Timing Metatrader 4 Indicator
The Timing indicator oscillates between oversold and overbought readings. Values above 70 indicate overbought market conditions. Values below 30 indicate oversold levels.
BUY: In uptrends: Buy if the timing indicator crosses up from below 30 to above 30.
SELL: In downtrends: Sell if the timing indicator crosses down from above 70 to below 70.
Use in conjunction with trend analysis tools (trend lines, moving averages, trend signals indicators,…) to determine the primary trend. Don’t trade against the trend.
EUR/USD Weekly Chart Example