Cycle Identifier Metatrader 4 Forex Momentum Indicator
The Cycle Identifier Metatrader 4 indicator is a non-repaint technical tool that is deployed in spotting price momentum.
The indicator is able to deliver accurate pattern signals and a good loss and lagging prevention system.
The Cycle Identified MT4 indicator uses one of the best data mining solution i.e. NN algorithm, in predicting likely movement of the Forex pair.
- Adding the Cycle Identifier indicator to the trading chart is a good way to identify current market changes in a manner that saves and maximizes profit.
- Generally speaking, when price bar closes, the Cycle Identifier does not alter its value. It is therefore a very stable indicator that makes reading signals much easier.
- The appearance of the indicator in its default setting shows lime or red bars that are printed below or above the zero-horizontal level respectively.
Feel free to explore the Cycle Identifier Forex Momentum indicator’s different parameters and settings to create your own personalized indicator setup.
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Cycle Identifier Forex Momentum Indicator Chart (AUD/JPY M30 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 Cycle Identifier Momentum MT4 Indicator
Buy Signal: Go long when the lime bar of the Cycle Identifier Metatrader 4 indicator gets printed below the zero-horizontal level.
When the blue line of the Alligator MT4 indicator crosses below the lime and red lines in a bottom up manner, with price trading somewhat above the lines, it is a buy signal confirmation.
Sell Signal: Go short when the red bar of the Cycle Identifier indicator gets printed above the zero-horizontal level.
When the blue line of the Alligator MT4 indicator crosses above the lime and red lines in a top downward fashion, with price trading fairly below the lines, it is a sell signal confirmation.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the Cycle Identifier indicator prints a red bar above the signal level. Else, the lime line of the Alligator indicator intersects its red line.
Exit sell trade: Close all sell orders if while a bearish trend is running, the Cycle Identifier indicator prints a lime bar below the signal level. Else, the lime line of the Alligator indicator intersects its red line.
Tips: The Cycle Identifier MT4 indicator is a unique momentum indicator that offers uses numerous uses due to its non-repaint attributes.
It can be used by scalpers and swing traders alike.
The Cycle Identifier is one of the best indicators as a result of its deployment of two varying indicator strategies for its accurate calculation.
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Price Action Filter, length, major cycle strength, use cycle filter, use filter SMA or RSI, filter strength SMA, filter strength RSI.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Momentum
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.