CYCLE IDENTIFIER NON REPAINT INDICATOR MT4:
The Cycle identifier indicator is a non-repaint indicator used for detecting the momentum in the trade.Itis a unique identifier.It gives the most accurate pattern signs whenever it is used with the combination of Kelly’s Cycle identifier. This indicator has two types of cycles one of them is a linear cycle and the orders, prevention of losses and lagging behind the cost of the system.
Cycle identifier indicator tries to predict the possible movement of the symbol with the NN algorithm. NN is one of the best data mining solutions, but it is a non-parametric algorithm. The trade controller provides several ways to save and maximize your profits. This powerful tool helps you set up safety tracking rules on your business in several effective ways.
Cycle identifier indicator is used to identify the current market changings. It is a non-repaint indicator; it means that it does not change its value if the price bars are closed. For further details let us discuss what are Fibonacci and linear cycles.
The Fibonacci indicators are the technical indicator that counts the major high and low swings in the market trend.You can set the bars of this indicator with the help of its features; you can also set the different colours for different candlestick pattern. This indicator uses different levels for its precise measurement. It can be used with several time frames and several currency pairs.
This indicator helps the cycle identifier indicator easy by its changing colour feature, setting the number of bars and changing the name of Fibonacci trends. It helps this indicator to draw the precise pattern for the traders.
These are the simplest type of indicators that just indicates the market trend with the help of simple candlestick patterns. This indicator helps the traders to make a very simple but profitable trade.
PARAMETERS USED CYCLE IDENTIFIER INDICATOR:
Initial parameters of these indicators are given below:
- Major Cycle Strength
- Filter Strength SMA
- Filter Strength RSI
BUY AND SELL CONDITIONS:
Cycle identifier indicator has specific rules for buy and sells entries and exits. First of all, we will discuss the buy entry and exit conditions that are given below:
When the blue colour signal appears in the indicator chart and an arrow appears below the candlestick pattern pointing upward then it is the time for buy entry, and when the signal starts moving downward then it is the time to place buy here, and a point comes in the market trend when the blue signals start moving below the candlestick pattern then it is the time to exit for buy condition.
Now, we are going to discuss the sell entries and exits for trade:
When the red colour signal appears in the indicator chart and an arrow appears below the candlestick pattern pointing upward then it is the time for sell entry, and when the signal starts moving downward then it is the time to place sell here, and a point comes in the market trend when the red signals start moving below the candlestick pattern then it is the time to exit for sell condition.
USES of Cycle identifier indicator:
The cycle identifier indicator has too many uses because t is a non-repaint indicator that is used for daily trade. It can be used for daily, weekly, and monthly trade. It is used to detect the price momentum in the market trend. It is one of the best indicators because it uses two different indicator strategies for its precise calculation.