The Market Phase Index trend indicator will allow you to easily determine in which phase – trend or flat – the price is at the current moment.
The Market Phase Index trend trading indicator is designed to determine the phases of the trend and flat based on the price amplitude and the intersection of bars.
Market Phase Index indicator signals are interpreted as follows:
- if the indicator values are higher than 0.4, the use of trend strategies is recommended;
- if the indicator values are below 0.4, the use of flat strategies is recommended.
The Market Phase Index trend indicator can be most useful for EAs in identifying favorable or unfavorable trading conditions based on their strategies. It is recommended to view the indicator values on higher timeframes (H1 and up).
Features of Market Phase Index MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily, H1 and higher recommended
- Currency pairs: any
In MPI.zip file you will find:
Download Market Phase Index MT4 indicator for free: