However, you can also use this forex indicator’s strategy to get profitable results. Here are the simple criteria to open buy entry or sell positions. Then it generates sell entry and buy signals. These red and green color bars indicate the completion of bearish and bullish cycles, respectively. Then the forex indicator shows an oscillation above or below the zero line.Įxcept for this grey color line, it also plots two bars of red and green color. This line picks the signals from the forex RSI indicator, simple moving average indicator(SMA), and other setting parameters. This grey line acts as a forex oscillator that oscillates above and below the indicator zero line. The cycle identifier forex indicator plots a grey color line in a separate window of MT4. How does the Cycle identifier forex indicator work in MT4? It is simple to use, but the algorithm behind this forex indicator is complex and contains combinations of other forex technical indicators. This indicator plots entry signals in the form of red color and green color bars. A cycle identifier forex indicator is an MT4 indicator that entry signals the completion of a forex market cycle to open a sell/buy order according to the entry signal.
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