FX Snipers T3 CCI Indicator

FX Snipers T3 CCI Indicator

FX Snipers T3 CCI Indicator For MT4 smoothes the forex trend trading bullish and bearish signals of the classic MetaTrader CCI using the T3 moving average.

The FX Snipers T3 CCI indicator for MT4 is a combination of the CCI – Commodity channel index and T3 indicators. The T3 moving average helps to smooth the forex bullish and bearish trend trading signals of the CCI. As a result, traders can identify the trend direction and strength. Moreover, it provides early trend reversal signals by the divergence between price and indicator.

The indicator is a simple histogram and is effective for new and advanced forex traders. Since it works effectively in all chart time frames it is suitable for all types of forex trading strategies.

FX Snipers T3 CCI Indicator For MT4 Trading Signals

The indicator plots green and red histogram bars around the zero level. Green histogram bars above the zero level indicate a bullish market. Similarly, red bars indicate bearish price trend. The height of the histogram bars shows the trend strength, taller bars indicate stronger price trend.

The simple trading strategy is to enter and exit the market based on the appearance of the histogram bars above or below the zero level. If green histogram appears above the zero line traders should enter buy trades with a stop below the previous swing low. It is prudent to wait for the opposite trading signal to book profits. Similarly, in a bearish market traders can open sell trades using the above strategy.

For reversal trading signals, traders can use the divergence and convergence between the histogram and the price. Because any evidence of divergence is an opportunity to open a trading position.

Conclusion
In summary, the FX Snipers T3 CCI indicator for MT4 is a good indicator for forex trend traders. Moreover, this indicator is free to download and easy to install.