Best Multi Time frame breakout Indicator Mt4Jackson Oliver
The multi time frame is an indicator that is a money marking indicator. This indicator identifies the trading direction and tell the current market trend. This indicator also identifies the time of trading either this is short term trading or long term trading.But the use of this indicator is best only for short term trading in a multiple time frame.
This indicator works with the help of bars. This indicator marks the actions of price in the trading. In this indicator there are two types of bars.
Multi Time frame breakout Indicator
The one bar is for buy and the second bar is for sell. These bars tells the value of money in the trading. In this indicator the bars cannot cross each other. But there is a difference that tells that when the signal is for buy and when the signal for sell.This indicator saves time and efforts. When an accurate pattern is identifies then this indicator gives a notification to the trader.
Buy signal .
The buy signal occures when the buy line breaks the sell line on the chart. It tells that the price value is going to high and there is a strong trend change. It tells that if the money will be invested then it will give a profit.
The sell signal occures when the sell line breaks the buy line on the chart. It tells that the price value is going to low and there is a weak trend change. It tells that if the money will be invested then may be it give loss.