Home Forex MT4 Indicators FX Bollinger Bands MACD CCT Indicator

FX Bollinger Bands MACD CCT Indicator

Bollinger Bands MACD CCT is a forex trading indicator created for the metatrader 4 platform. The Bollinger Bands MACD CCT is a quite simple technical indicator. This indicator shows a line made of dots which upon color change gives buy or sell signals. The Bollinger Bands MACD CCT can be used for scalping in lower time frames like 5 minute, 15 minutes, and 30 minutes while it can also be sucessfuly used to trade in higher time frames like hourly, 4 hours, and daily time frames. You can trade with the help of this indicator alone. There is no need of addational indicators. First, check the trend of the market. If the recognised trend of the market is up, then you should only open buy signals generated by the indicator. Never trade against the trend, remember?

The Bollinger Bands MACD CCT has two lines in the indicator window below the main chart. The red and blue moving average remain the same through out the day, while the dotted line changes color, it becomes blue when bullish and red when bearish.

System Rules For Buy and Sell Orders

  • When considering a buy, make sure the trend is bullish.
  • When considering a sell, make sure the trend is bearish.
  • The BB MACD CCT indicates bullish market when the moving average is below dotted line.
  • The BB MACD CTT indicates bearish market when the moving average is above dotted line.
  • Note that all signals are temporal because the market is in motion.
  • Place your buy order at your support and place stop below the signal bar.
  • Place your sell order a your resistance and place stop above the signal bar.

FX Bollinger Bands MACD CCT free download:


Previous articleMA Monika Sar Indicator
Next article123 MW Forex System

New posts

Forex Mean Reversion

Welcome to Forex Mean Reversion. Leading and Lagging indicators don’t work. Leading indicators don’t lead with any form of reliability...

Forex Executive

The Forex Executive is an indicator that provides you, the trader, with real time trading signals alerts and prepares...

SupDem Indicator for MT4

The SupDem indicator for MT4 draws supply and demand levels on the chart automatically. What's more, it also corrects...

EFC Indicator

The EFC Indicator basic concept is to open position as a reversal trend is detected. As soon as RSI...

Looking for something?

Popular posts

Instant Buy Sell Signal

Instant Buy Sell Signal is profitable forex trading strategy that is really easy to use. It generate clear signals with arrows on charts. Below...

Xmaster Formula Indicator for MT4

The Xmaster Formula Indicator was made for traders like you can become real master of forex. This wonderful tool is suitable to use for...

Hyper EA Pro – profitable scalping robot

Hyper EA Pro is forex trading robot. It uses scalping strategy. EA place trades only during Asian session. Statistically it opens one trade per...

Forex Hacked Pro Scalping EA

The new Forex Hacked Pro is multicurrency scalping robot (expert advisor) and now it can trade on nine currency pairs at the same time. Forex...

Trend Imperator V2 Trading System

Trend Imperator V2 is advanced forex trading system with clear arrows buy and sell signals. In the package you will receive following files: Trend_Imperator_V2e.ex4 Trend_Imperator_V2.ex4...
X Trend Premium

You might also likeRELATED
Recommended for you