inner force indicator - cloud object storageinner+force+-+manual.pdf · 2016-11-04 · attach the...

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INNER FORCE INDICATOR

FOREX LIBRA CODE

This short manual aims to explain how to use and apply the Inner Force Indicator which is part of the Forex Libra Code software. The Inner Force indicator is available to the Forex Libra Code members, inside the Gifts section. (Download link - http://www.vladimirribakov.org/premium/flc-progress-gift-7/ ) Assuming that you have downloaded and installed the indicator, let’s move forward to the next step which is how to use it. MAIN IDEA: Inner Force Indicator will give you 2 extra confirmations:it will reasure the end of a cycle and it will confirm the end of an ongoing correction while you are inside a cycle.

http://www.vladimirribakov.org/premium/flc-progress-gift-7/


HOW TO ATTACH THE INDICATOR TO A CHART?

Attach the indicator to your prefered intrument. You can use the indicator on any chart but as we are mainly going to use to confirm Cycles, you will find yourself using it mostly on the H1/H4/D1/W1 charts. A. To attach the indicator open the Navigation Panel in MT4 (CTRL + N). B. Next expand the Indicators list and find the “ FLC_Inner_Force”. C. Double click or Drag&Drop to the chart to load the indicator. D. Confirm with Ok.

This is how the chart looks like once a pattern has been found. Painted in Red + Red Arrow for a bearish pattern and painted in Blue + Blue Arrow for bullish pattern.


HOW DOES IT WORK?

The indicator will look for a very specific and statistically reliable combination of candlesticks. Once found, it will paint the zone in Red (for bearish reversal /continuation) or Blue (for bullish reversal/continuation). It will also show an arrow on top/bottom of the signal candle.

Now let’s see how is it helpful for us.

HOW TO APPLY IT IN OUR TRADING?

The main purpose of this indicator is to give us extra confirmations for two things:

1. End of a cycle 2. End of correction inside a cycle

That being said, we can just apply the indicator to our cycle’s template and look for that extra confirmation.

Let’s have a look at a few examples:


EURUSD D1 Chart


EURUSD H1 Chart

After we got the confirmations from a cycle on the Daily chart along with perfectly matching and

reliable dates we drop down to the H1 chart and this is where we can see an example of how to

correction was spotted but the Inner Force pattern.


GBPUSD D1 Chart


GBPUSD H4 Chart

In this example we see a bearish cycle in D1, confirmed by Statistics. Then we find Inner Force

pattern on the H4 chart and divergence just few pips above the 161.8% level. We can now

confidently look for buy setups on the lower Time Frames.


USDCHF H4 Chart

Potential double cycle down detected. Price broke through 61.8% and we got an alert from the Inner

Force indicator. There is no divergence against us at that moment, which means what? Correct – the

move and cycle are not yet over. Having that in mind and the Inner Force confirmation we can drop

to the lower time frames such as M5/M15 and trade only sell alerts from FLC


SP500 D1 Chart

Price reaches the 61.8% and finds real strong resistasnce for days. Bearish divergence is there to

confirm the end of the bullish momentum. We enter inside the reversal zone which Statistics is

suggesting (17-23rd and in between) so it all starts to look reasonable for a sell. The tick blue line

below is the target for this cycle.


After the initial powerful push down, inner force setup is detected, which is perfect sign that the

correction is over and we can expect the price to continue lower hence we can continue looking for

sell opportunities until the Cycle’s target is reached.

The inner force perfectly catches the end of this correction (d1 chart in this case)

Yours,

Vladimir

inner force indicator - cloud object storageinner+force+-+manual.pdf · 2016-11-04 · attach the...

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