The Percepton AI forex indicator is a short-term buy sell oscillator that fluctuates between 0 and 1 readings.
Combine this indicator together with a trend following indicator to generate laser-accurate short-term signals in the current trend.
This is a great indicator if you like to trade for fast profits.
It works for scalping and day trading of the M5, M15, M30 and H1 trading charts.
Trade only during the London and U.S trading session to increase your rate of successful trades.
The EUR/USD H1 chart below displays the Percepton AI forex indicator in action.
Basic Trading Signals
Signals from the Percepton AI forex indicator are easy to interpret and goes as follows:
Buy Signal: Open a long trade position when the Percepton AI indicator is pointing up from the zero level and the overall trend is up.
Sell Signal: Open a sell trade position when the Percepton AI indicator is pointing down from the 1 level and the overall trend is down.
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 (x1, x2, x3, x4) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Fast oscillator
Copy and paste the perceptron-ai.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)