The technical indicator MT4 4 time frame ICC Versus Levels nmc is a multi timeframe indicator to simultaneously establish the direction of the trend of 4 time frames (time unit) different.
The trading signals (buy / sell) generated are calculated on the basis of a stock indicator CCI Commodity Channel Index and levels of overbought and oversold.
The color histogram ICC Versus Levels determines three different market conditions: bull market, bear market or sideways market
Using multiple time frame to identify the general trend of short-term market and the long term and help to anticipate points and out of 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 (60 seconds)
M5 - 5 Minutes
M15 - 15 Minutes
M30 - 30 Minutes
H1 - 1 Hour
H4 - 4 Hours
D1 - Daily
W1 - Weekly
MN1 - Monthly
A signal alert is provided when the trading signals correspond to the four different time frames.
Compatible version Metatrader MT4 Build B600 and (nmc: New metatrader compliant)
included
4 time frame ICC Versus Levels nmc.mq4
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Trading Platform Metatrader MT4 Interpretation Rules - Signals From Trading
* Buy signal: Pressure buyer
. Formation of a square 4 time frame ICC Versus Levels positive green: the CCI is above the overbought level (60 by default) - Trend bullish on the corresponding time frame
. All squares are positive - Strong uptrend
* Sale signal : Pressure saleswoman
. Formation of a square 4 time frame ICC Versus Levels negative red: CCI value is below the oversold level (-60 by default) - Trend bearish on the corresponding time frame
. All squares are negative - Strong bearish trend
* Range Trading
. Formation of
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