CCI with PRSI MT4 is an amazing trend momentum based system, beside market momentum CCI with PRSI MT4 indicator is also concerned with identifying the market trend as soon as it begins and gives also the exit signal as soon as reversal trend occurs. It is suitable for any currency pairs with M15 to Daily timeframes. CCI with PRSI indicator also works on binary options high/low.
This forex trading system looks simple and clean. If you have been wondering what it looks like on your chart, please have a look below.
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| CCI with PRSI MT4 |
INDICATORS
CCI with PRSI
It is located on the 1st indicator window and a combination of an oscillator and a histogram. When the blue oscillator is positive, it’s a bullish market and vice versa. When the histogram in the positive territory that the bulls are dominating the market and vice versa.
Joker Filter
As its name Joker Filter indicator works to filter the signals generated by CCI with PRSI indicator. The filter indicator is very simple to read . When green bars appear, it is a signal that market has been rising and it is likely to keep rising in future but when the bars turns red, it be valid the opposite.
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| CCI with PRSI MT4 Indicators |
RULE of CCI with PRSI MT4
BUY Entry
- Market condition in uptrend.
- The histogram and blue line oscillator of CCI with PRSI indicator should be in positive territory.
- The Joker Filter indicator as a signal filter should form green bars.
- Place Buy position when above parameters are met.
- Exit profit when Joker Filter indicator turning red.
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| CCI with PRSI MT4 in Buy condition |
SELL Entry
- Market condition in downtrend.
- The histogram and blue line oscillator of CCI with PRSI indicator should be in negative territory.
- The Joker Filter indicator as a signal filter should form red bars.
- Place Sell position when above parameters are met.
- Exit profit when Joker Filter indicator turning green.
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| CCI with PRSI MT4 in Sell condition |
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