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%.
Key Takeaways
- 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.
Download This MT4 Forex Indicator Free
Download the “Cronex T RSI BB.ex4” Metatrader 4 indicator
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.
Download This Forex Indicator Now
Download the “cronex-t-rsi-bb-indicator.ex4” MT4 indicator
Adjustable Parameters
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
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
