FNCD Indicator

FNCD Indicator

FNCD indicator for mt4 – download free. Best momentum indicator for mt4. Free forex trend following indicator.

The FNCD indicator for MetaTrader is a trend following indicator that identifies potential reversal zones of the price. It uses an algorithm that detects how the price of an asset reacted to certain levels in the past.

The indicator sits on a separate window below the main chart. It is built with histogram bars and a 0.00 center level that defines a bullish and bearish trend.

The FNCD indicator is suitable for both novice and experienced traders. Moreover, it can also be used for scalping and day/intraday trading, and swing. For day trading, trade signal is best generated on the H4 time frame.

FNCD Indicator BUY/SELL Signals

The above screenshot depicts how the indicator would look on your MT4 platform. It also illustrates how to identify a high probability trade setup.

The FNCD indicator works great as a stand-alone trading tool for BUY/SELL signals. However, it is recommended to be used in synergy with price action and/or other technical indicators for better efficiency.

The GREEN histogram bars suggest bullish momentum, while the RED bars represent bearish momentum. Furthermore, the Price above the 0.00 center level of the indicator is considered a bullish market sentiment. Conversely, the price below the 0.00 centerline is considered a bearish sentiment.

BUY Signal: Firstly, wait for the indicator to start painting bullish (GREEN) histogram bars above the 0.00 center level. You may then open a BUY/LONG entry after price action also prints a bullish candlestick pattern (e.g. bullish engulfing).

SELL Signal: Firstly, wait for the indicator to start painting bearish (RED) histogram bars below the 0.00 center level. You may then open a SELL/SHORT entry after the price action also displays a bearish sentiment pattern (e.g. bearish order block).

Conclusion
The FNCD indicator for MT4 is a trading tool that monitors and follows the trend of the market. It is well optimized to help you identify potential trend reversal zones. Finally, the indicator is free to download.