Timing Indicator
Timing is a classic MT4 indicator developed to aid forex & stock traders with real-time trend signals. It tracks market momentums & spots potential buy-sell levels.
Description
The Timing indicator is probably the most straightforward trend-following indicator ever developed for MT4 platforms. It spots micro trends resulting from price reversals and determines the overbought and oversold conditions of the market.
Despite being an advanced trend indicator, Timing doesn’t require a rich trading experience to benefit from its super trend signals. It signals market momentums, trend reversals, and buy-sell levels using only a single indicator line. By following its simple trading rules, anybody can apply Timing perfectly for live forex and stocks trading in Metatrader platforms.
Moreover, the Timing indicator is suitable for all MT4 timeframes letting you go for both day and intraday trading using a single tool. Besides, you can use it as a trend filter in any trading strategy.
This guide explains how to anticipate buy-sell signals using the Timing indicator, including chart examples and guidelines on MT4 settings.
How to determine forex and stock buy/sell signals by using Timing indicator in MT4
The Timing indicator changes the color of its slope to signal the present status of market trends. It becomes green when the trend is up and turns orange-red during downtrend conditions. Also, consider the market trend as sidelined or neutral when the indicator appears in yellow.
Moreover, you’ll find three horizontal lines representing the oscillator’s 30, 50, and 70 levels. The indicator value at 30 indicates the market is oversold. Contrarily, the slope moves to 70 when the market is overbought. The 50-level provides an overall condition of the market trend. It helps you determine whether you should keep your trade running or make a quick exit. For example, the indicator line above 50 means it is good to hold a buy position and exit a sell order.
According to the buy-sell rules of Timing, we’ll only confirm an entry when both the momentum and the trend start to follow the same direction. For instance, a bullish trend signal during an oversold market condition is ideal for buy confirmation. Contrarily, we can confirm a sell order when the indicator signals a bearish trend in an overbought situation.
In the above hourly chart of GBP/USD, the price made a quick bullish move every time the indicator line turned green while touching the oversold level. It is good to consider a trade exit for profit-taking when the momentum turns opposite to your entry. For example, you may close a buy order whenever the Timing line enters the overbought zone.
Conclusion
The Timing indicator offers a classic view of the overall market sentiment comprising both momentum and trend signals. However, it works well in an on-trend market conditions. So, its signals may not bring you expected results during a choppy market. In that a case, you may consider some extra tools like moving average and support/resistance lines along with Timing signals. It’ll help you avoid weak signals and simultaneously add better confirmations to your buy/sell orders.
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