The trading signals (buy / sell) are generated 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 momentum indicator developed by Donald courses 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 optional
version supports Metatrader MT4 Build and B600 (nmc: New metatrader compliant)
included
4 time frame CCI_2_Levels nmc.mq4
Broker Online - Broker Exchange : MT4 Trading Platform 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 CCI line is between the levels of overbought and oversold: neutral zone - Square Lack 4 time frame CCI 2 Levels
Learn more about the rules and trading signals:
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