The Timing indicator for MT4 oscillates between oversold and overbought readings.
Values above 70 indicate overbought market conditions.
Values below 30 indicate oversold levels.
Trading Signals
BUY: In up trends: Buy if the timing indicator crosses up from below 30 to above 30.
SELL: In down trends: 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.
Download
Download the Timing.mq4 indicator.
EUR/USD Weekly Chart Example
How to install the Timing custom indicator in Metatrader 4?
- Download the Timing.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.