The Probability Meter For Use on MT4 platform only How to decrypt the Probability Meter values? All values and colors have to be watched closely. Multi-Info+: more than 75 (red/green) for strong Up/Down trend 2. Indice Strength: 0-1-2 for strong Down trend, 7-8-9 for strong Up trend, 3-4-5-6 for sideway 3. Currency pair range: range of 5 or more between the 2 currencies. Example: 7-2, 9-3 etc for a strong Up trend.
Here in this video you can see the Probability Meter Indicator for MetaTrader 4 Forex Trading. The red colour signals that the price goes down and the green colour predict a higher exchange rate. INDICATOR HEART OF FOREX FOR MT4=METATRADER 4. Support and Resistance are the most meter levels in all kinds of trading. FFx Basket Scanner ikili.
0-5, 2-8 etc for a strong Down trend. 4 and 5: red color for Down trend, green for Up trend and Orange for sideway The global value in percent (%) have to be watch closely and with experience you will have feeling.
This value is the combination of the 5 values listed above. 75-80% is a good point for triggering a trade.
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The Probability Meter The Probability Meter gives the most probable way where the trend is going. Because it is based on current feed and is updated each coming tick, this is a great tool for scalping or short term trading style. The global result in percent (%) is calculated with a strong formula according to a combination of price action, 13 standard indicators on 7 timeframes and 2 additional indicators. Your 2 preferred mq4 trend indicators will be coded inside your personal Probability Meter. Ferru's Probability Meter is a tool that doesn't require a lot of screen time use with it to get the 'feel' for trades setting up.
With all the info the meter gives and with your other confirming methods, 20 pips takes sometimes minutes to bank when you wait for the signals. I mainly use the color and direction of the 2 bottom boxes which house the arrows. I first look at the H1, H4 and Daily for present trend. I then use a combination of M1, M5 and M15 for my trades. TO VIEW THREE SEPARATE TRADE SETUPS, FOR SCALPING, DAY TRADING AND SWING TRADING. I find the Probability Meter a great visual tool for any style of trading. The Probability Meter works on these 12 pairs: EURUSD-GBPUSD-AUDUSD-USDJPY-USDCHF-USDCAD-EURJPY-EURGBP-EURCHF-EURAUD-GBPJPY-GBPCHF UPDATE!
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