The Cronex T RSI BB Metatrader 4 is a technical study that combines the RSI and the Bollinger Bands indicators.
Therefore it has the potential to gauge overbought/oversold price properties, alongside its volatility component.
The indicator is able to predict both price breakouts and range trading conditions with good accuracy!
The Cronex T RSI BB is primarily designed to be a standalone indicator but spicing things up a bit with other technical indicators isn’t really a waste of time, it will increase profitability with 20-40%.
- The Cronex T RSI BB indicator can fit into all types of market sessions. It also offers the flexibility to be used across all time frames.
- When preparing a cocktail of indicators for a profitable trading system using the Cronex T RSI BB Indicator, it is advisable to add two or more non-correlated indicators to deliver more precise trading signals.
- The indicator will readily offer you an insight as to when a change in trend will take place, and the direction price could move.
Feel free to explore the Cronex T RSI BB Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Cronex T RSI BB Forex Indicator Chart (EUR/CHF H1 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Cronex T RSI BB MT4 Indicator
Buy Signal: Go long when the Cronex T RSI BB MT4 indicator prints blue histograms above the zero-horizontal level.
When price opens and closes above the blue 49 SMA indicator curve, it is a buy signal confirmation.
Sell Signal: Go short when the Cronex T RSI BB MT4 indicator prints red histograms below the zero-horizontal level.
When price opens and closes below the blue 49 SMA indicator curve, it is a sell signal confirmation
Exit buy trade: Close all buy orders if while a bullish trend is running, the Cronex T RSI BB indicator prints a red histogram below the zero-horizontal level. Else, exit the buy trade when price opens and closes below the blue 49 SMA indicator line.
Exit sell trade: Close all sell orders if while a bearish trend is on course, the Cronex T RSI BB indicator prints a blue histogram above the zero-horizontal level. Else, exit the buy trade when price opens and closes above the blue 49 SMA indicator line.
Tips: The Cronex T RSI BB indicator is a great indicator that works for all market sessions. Once you start off with this indicator, there’s certainly is no going back on its use.
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RSI Period, tcurvature, maperiod, bandsperiod, bands deviation, bandshift.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M5, M15, M30, H1, H4, D1, W1
Indicator Type: Trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.