Free Forex Indicators (MT4), Trend Following Indicators

Tipu CCI MT4 indicator

Tipu CCI MT4 indicator is a momentum indicator, used to signal the bullish and bearish momentums of the market trends. It is an upgraded version of Commodity Channel Index, reacts faster than its original version including less lagging issues. Besides, it supports trading all kinds of forex currency pairs and suits all sorts of timeframes too.

Tipu CCI MT4 indicator comes up with an idea to bring simplicity in trend-based tradings. It uses a much easier method of demonstrating the momentum signals so that everybody including newbie traders can understand and get benefited from it.

Tipu CCI MT4 indicator Overview

Download and install the indicator on your MT4 terminal. Once it is been installed, your chart will appear like the following image

Tipu CCI MT4 indicator Overview

Tipu CCI MT4 indicator Explanation

Tipu CCI MT4 indicator uses a 14-day customized CCI calculated based on typical price methods for signaling the market momentums. The demonstration process of this indicator is pretty easy and straightforward.

Tipu CCI MT4 indicator Analysis

so that you can easily pick the signals without a delay. Its bars turn white whenever its value turns positive signaling for the bullish momentum of the market.

Contrarily, it turns red with negative value represents the bearish momentum of the market promoting a selling opportunity. For better understanding, it includes arrow signals in blue and red colors pointing out the possible directions of the current market momentum.

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Tipu CCI: Buy Conditions

Tipu CCI Buy Parameters
  • The indicator bars turn white and carry a positive value
  • A blue arrow appears below the price candle pointing upwards
  • Buy triggers when the above conditions are done
  • Set stop loss below the low of the signaling arrow
  • Exit long/take profit whenever the indicator value turns negative

Tipu CCI MT4 indicator: Sell Conditions

Tipu CCI Sell Parameters
  • The indicator bars turn red and carry a negative value
  • A red arrow appears above the price candle pointing downwards
  • Sell triggers when the above conditions are done
  • Set stop loss above the high of the signaling arrow
  • Exit short/take profit whenever the indicator value turns positive

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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