The Cyber Cycle Metatrader 5 forex indicator is an oscillator that was developed by John Ehlers and Ward Systems Group.
They were able to attain this feature by creating Cybernetic analysis application in line with the indicators described in the John Ehlers book “Cybernetic Analysis for Stocks and Futures.”
Claims were made in the book by the author, regarding the efficiency of the indicator surpassing results of commercial trading systems that cost hundreds of thousands of dollars.
The indicator consists of a red colored Cyber Cycle line along with a blue colored trigger line that are both made to oscillate around the zero signal level.
The Cyber Cycle forex indicator works for any currency pair and time frame.
The EUR/CAD M30 chart below displays the Cyber Cycle Metatrader 5 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the lines (red & blue) of the Cyber Cycle Metatrader 5 custom forex indicator break above the zero center level from below.
Sell Signal: Go short when the lines (red & blue) of the Cyber Cycle Metatrader 5 custom forex indicator break below the zero center level from above.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the lines (red & blue) of the forex indicator dip below the zero signal level.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the lines (red and blue) of the forex indicator surge above the zero signal level.
Tips: Exploiting crossings arising from moving averages on the directional changes of the Cyber Cycle MT5 forex indicator is one simple way for day traders to apply this indicator to their strategy.
MT5 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 5
Type: chart window indicator
Customization options: Variable (Indicator ratio, Horizontal shift of the indicator in bars), Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: oscillator | trend
Copy and paste the cybercycle.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL5 > Indicators (paste here)