The '
FEN Indicator' is a rare time-based indicator that uses a mathematical equation to produce it's signals. It is unlike typical indicators. This will be the official thread on this forum dedicated to this powerful indicator.
FEN Indicator Advantages:- It does not repaint!
- It does not lag. It is a leading indicator!
- It produces future signals in advance. So you will already know the times in advance that you will need to trade, which can save you time.
- It can be used on any chart symbol (eg. Forex, Commodities, Bitcoin, etc...)
- It can be used on any time frame (M15+ recommended)
- It can be used to compliment an existing strategy. For example, if you use overbought/oversold indicators such as RSI or CCI, you can use the FEN indicator to time precise entry or exit points.
- It can be used for a variety of trading methods. It can be used for scalping, day trading, or whatever else.
- It can be used for Binary Options.
- It can be used as a replacement/addition to news trading strategies because it is able to predict volatile times similar to what happens during news events.
- To read more about it's advantages, visit the Official FEN Indicator website.
What It Does:The FEN Indicator is a timing indicator. It predicts when future market reversals and/or volatile times will occur. For example, if the market was bullish prior to the signal time, expect the market to reverse down and place a sell order. And if the market was bearish prior to the signal time, expect the market to reverse up and place a buy order. Usually, market tops and bottoms will form at (or very near to) the predicted times.
The indicator can be used as a standalone trading strategy or it can be used to time exact entry and exit points in agreement with other indicators in your trading system. For example, we all know that indicators that show overbought/oversold levels do not always work as planned. We might know a market reversal is going to happen, but we don't know exactly WHEN. The FEN Indicator can be a tool you use to time WHEN the market will reverse.
Examples:DEMO Version:A DEMO version is available. Download the attachments below and install them like you would a typical indicator and DLL. In case you are unsure, here are the
FEN Indicator installation instructions. The DEMO version is only meant to give you a taste of what is possible with the FEN indicator. If you want all features unlocked, you will need to purchase the FULL version. The DEMO will work on any MT4 broker and on any standard MT4 chart. The DEMO does not have an expiration date. So take your time and experiment with it as much as you want.
PLEASE READ: The DEMO is exactly the same as the FULL version, except for the below differences. Here are the differences compared to the FULL version:
- A CID is not required for the DEMO. Simply install the files as instructed and you are ready to use the indicator.
- The DEMO cannot be back tested.
- The DEMO version will only work on the M15, M30, and H1 time frames. If you try using the DEMO version on a locked time frame, you will get a message and the indicator will be removed from the chart. It does not mean the DEMO does not work! Simply restart the indicator again on a supported TF.
- The DEMO version has restricted settings compared to the full version.
- If you see no signals with the demo, it does not mean it is not working. It simply means the conditions for a signal have not been met yet. You could try other time frames, or you can wait some more time, or you can purchase the full version.
Linkback: https://www.forex.zone/mt4-mt5-indicators/8/fen-indicator/8/
