TCCI Indicator

The TCCI indicator for MetaTrader is a Moving Average-like tool that filters random market noise and also helps you to easily identify the bias of a trend. It is integrated with a dual-colored feature for framing the trend bias of an asset. Unlike the typical Moving Average, the TCCI indicator is dynamic and alternates between green and red in response to the current bias of the market. It turns GREEN to suggest a potential bullish move and RED for a potential bearish move. Furthermore, the indicator is suitable for different classes of forex traders like a novice, intermediate, and advanced traders. What’s more, it may be used for scalping, day/intraday, and swing trading. How To trade With TCCI Indicator The above screenshot depicts how the indicator would look on your MT4 chart. It also illustrates how to identify a potential winning trade setup. It is worthy to mention that the TCCI indicator performs best in a trending market. Furthermore, it may also be used stand-alone indicator for BUY/SELL entries. BUY Signal: Firstly, identify the bias of the market, in this case, an uptrend. Now, wait for the indicator’s line to turn GREEN, which suggests the continuation of the bullish move. You may then open a BUY/LONG position after a BULLISH candle also closes above the indicator’s line. SELL Signal: Firstly, identify the bias of the market, in this case, a downtrend. Now, wait for the indicator’s line to turn RED, which suggests the continuation of the bearish move. You may then open a SELL/SHORT position after a BEARISH candle also closes below the indicator’s line. Conclusion The TCCI indicator for MT4 is a technical tool designed to help you filter out market noise due to fluctuations in the price. It would also come in handy for trend-based and counter-trend traders in identifying the bias of the market. Finally, the indicator is free to download.