The Bull Bear Signals Dashboard Metatrader 4 forex indicator displays the best currency pairs to trade in one handy dashboard window.
The indicator is based on two CCI extreme values. The default values are set to -100 (CCI low) and 100 (CCI high).
The indicator displays its bull/bear recommendations for the following timeframe’s: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week and 1-Month.
- Bull: the pair is trending up (look for buy trade opportunities)
- Bear: the pair is trending down (look for sell trade opportunities)
Default currency pairs: EUR/USD, EUR/GBP, EUR/JPY, GBP/USD, GBP/JPY, USD/CHF, AUD/USD and USD/CAD.
Tip: Confirm the signals from this indicator with trend following indicators or other technical tools.
The EUR/USD M5 chart below displays the Bull Bear Signals Dashboard forex indicator in action.
Basic Trading Signals
Signals from the Bull Bear Signals Dashboard forex indicator are easy to interpret and goes as follows:
Buy Signal: Look for buy trade opportunities when the indicator dashboard displays “bull”.
Sell Signal: Look for sell trade opportunities when the indicator dashboard displays “bear”.
Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (Pairs, ExtremeCCHigh, ExtremeCCILow) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the extreme-hook.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)