The trading signals (buy / sell) generated are calculated on a CCI Commodity Channel Index indicator and the levels of overbought and oversold
the stock indicator Commodity Channel Index (CCI or) is a price momentum indicator developed by Donald R.Lambert . ITC can be used on any type of values, not just on the shares.
Using multiple time frame to identify the general trend of short-term market and the long term and help to anticipate the entry points and exit the trade with a global vision of the market.
If the signals correspond to the different time frame, the trading signal is stronger and more reliable.
Time Frame
M1 - 1 Minute
M5 - 5 Minutes
M15 - 15 Minutes
M30 - 30 Minutes
H1 - 1 Hour
H4 - 4 hours
D1 - Daily
W1 - Weekly
MN1 - Monthly
An alert system per message, sound or email can be configured option
included
4 time frame CCI_2_Levels.mq4
Broker Online - Broker Exchange : platform MT4 Trading Metatrader
Interpretation Rules - signals from Trading
For the corresponding time frame
* buy signal : bull market trend
. Forming a square 4 time frame CCI 2 positive green Levels: CCI line is greater at overbought (0 or 60 eg) - Trend bullish on the corresponding frame time
. All squares are positive - Strong uptrend
* Selling signal: bear market trend
. Formation of a square 4 time frame CCI 2 Levels negative red: CCI line is below the oversold level (0 or -60 for example) - Trend bearish on the corresponding time frame
. All squares are negative - Strong bearish trend
* Signal Range Trading: no trend
. The CCII line is between the levels of overbought and oversold: neutral zone - Square Lack 4 time frame CCI 2 Levels
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Swap - Symbol GBP / USD
Session Intraday
time unit - time Frame: 30 Minutes M30
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