- What's new
Milky Way MT4
The indicator MilkyWay is calculating and draws a blue or red ribbon as a trend and as a filter.
In case the price is moving inside the ribbon you should not enter the market.
In case you see a blue trend and the current price is above the blue ribbon than this is a good time to go Long.
In case you see a red trend and the current price is below the red ribbon than this is a good time to go Short.
Only 1 input parameter: nBars = 500; - number of Bars where the ribbon will appears.