The TCCI Signals forex indicator for Metatrader 4 analyses the market in real-time and provides easy to trade buy and sell signals in the form of a dual colored signal line.
The TCCI signal line alternates between green color and red color.
- A green colored signal line represents a bullish market. Traders look for buy trade opportunities.
- A red colored signal line represents a bearish market. Traders look for sell trade opportunities.
TCCI can be used as a standalone signal generator or together with other technical tools or price analysis.
For scalping and day trading purposes, it’s recommended to use TCCI signals during the London and New York trading sessions.
Feel free to experiment with the indicator’s input parameters and different settings.
The EUR/USD 1-Hour chart below displays the TCCI Signals Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the TCCI Signals MT4 indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade when the TCCI signals line changes from red to green color. A green colored signal line represents a bullish market. Place a stop-loss below the green signal line or support.
Sell Signal: Open sell trade when the TCCI signals line changes from green to red color. A red colored signal line represents a bearish market. Place a stop-loss above the red signal line or resistance.
Trade Exit : Use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (price, length, filter, deviation) 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 tcci.ex4 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)