Lollo22

MPT - MEDIAN PRICE TRADING - custom forex indicator

Lollo22 Updated   

MPT is a unique custom indicator i created to enter a trade with the right timing

This indicator catches the momentum of a Forex pair and tells you when to enter

It's based on the idea that when the median price in the current timeframe is crossing the median price of the higher timeframe, the momentum is changing and that is an opportunity to trade

red line is median line of current timeframe (default is 1D)
aqua line is projection of past median line on higher timeframe (default is 1W)
white crosses can be used as a trail stop values to follow a trend

when red cross aqua up the background is green and so momentum of the pair is up
when red cross aqua down no background color and momentum down

You can try this indicator for a limited period, just ask for access in comments
If you want unlimited access you can PM me


Trading is a risky business, use it at your own risk. I'm not responsible for any profit or loss
Release Notes:
little update
Release Notes:
Added Month tf, now signal is aqua, week is white and month is red line

Use Red line to see direction, use aqua cross white line for the signal
Release Notes:
Updated version of median price tradin strategy
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Lollo22 for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

Warning: please read before requesting access.