Jurik PCCI Bands Indicator

Jurik PCCI Bands Indicator

The Jurik PCCI Bands indicator for MT4 is one of the best indicators for scalpers; it identifies trend reversal using the volatility band and a moving average

The Jurik PCCI Bands indicator for MetaTrader 4 (MT4) is an incredible trend analysis tool that identifies trend reversal zones and displays short-term trading opportunities in the financial market. It’s one of the best indicators for scalpers that deliver high-probability buy/sell signals.

The principle of the indicator’s signal relies on the presence of a volatility channel and the overbought/oversold zones of the price. Its features include arrows for buy/sell entry signals and a dynamic moving average designed to oscillate within the volatility bands.

The dynamic moving average line turns green when it touches the lower volatility band, suggesting a potential bullish to the upside. Conversely, the moving average turns red whenever it touches the upper zone of the volatility band.

Furthermore, the signal arrows are displayed as a final confluence to buy or sell a financial instrument. What’s more, the signal arrows do not repaint, which infers that the signal of the Jurik PCCI Bands indicator is more reliable.

How to Trade with the Jurik PCCI Bands Indicator

The attached image depicts the action of the Jurik PCCI Bands indicator on the EUR/USD currency pair. It shows that price action is bearish (refer to the bearish engulfing candlestick), the moving average indicates a potential bearish move, and the arrow also depicts a sell signal.

However, some signals of the indicator do fail at some point. After all, no forex indicator delivers a holy-grail signal, no matter the optimization. To this end, the Jurik PCCI Bands indicator would be more efficient when used along with price action (e.g., bullish/bearish engulfing, pin bar, etc.) or any other technical indicators.

Furthermore, sticking to signals that sync with the major trend direction would increase the chances of taking a high-probability winning trade. For instance, you may look for only a buying signal when the trend is bullish.

Conclusion
The Jurik PCCI Bands indicator for MT4 is a trading tool suited mostly for scalpers that display trend reversal buy/sell signals based on low market volatility. It is suitable for beginners and intermediate forex traders.