Camarilla Pivots
Back to products
Breakout Pattern
MT4
Watch video
Click to enlarge

Cycle Identifier

The Cycle Identifier indicator for MT4 displays the exhaustion zone for potential trend reversals. The indicator is also useful for determining the strength of a trend and spotting potential support and resistance levels.

Trading Style

,

Indicator Type

Timeframe

Platform

Add to wishlist
0 People watching this product now!
Category:

Downloads - 107

Download now
Description

The Cycle Identifier indicator for MT4 is a technical analysis tool that identifies different cycles of price movement in the financial market. It enables traders to identify potential trend reversal zones of the price. The indicator is user-friendly, making it suitable for beginners and experienced traders. Forex traders can use the indicator to find scalping and day/intraday trading opportunities.

Features of the Cycle Identifier Indicator for MT4

The indicator is built with the Relative Strength Index (RSI) and the Simple Moving Average (SMA) indicators. It displays an oscillating line on a separate window below the chart that oscillates above and below the zero line. The oscillating line spikes in reaction to the signals of the RSI and SMA to display the recent highs and lows of the price.

Besides, the indicator identifies the optimal zone for buy/sell entries, usually displayed as double vertical bars colored in green and red. The green bars suggest an optimal zone for a buy entry, while the red bars are for a sell entry.

Benefits of Using the Indicator

  • Accurate Trend Reversal Identification: The Cycle Identifier indicator for MT4 helps Forex trades identify potential price exhaustion zones where the market may reverse. Therefore, traders can use the indicator’s signals with regular technical analysis to make better trading decisions.
  • Accurate Buy and Sell Signals: The indicator displays zones for buy/sell entries, which enhances better trading performance.

Indicator Settings Description

The indicator comes with the following customizable settings:

PriceActionFilter: Determines the indicator’s sensitivity to filtering price action.

Length: Determines the frequency of cycles to be identified.

MajorCycleStrenght: Period to calculate the strength of major cycles in the market.

UseCycleFilter: Enables/Disables the indicator to apply the cycle filter.

UseFilterSMAonRSI: Enables/Disables the indicator to use the SMA on RSI for cycle filtering.

FilterStrenghtSMA: Determines the SMA period to filter trend strength.

FilterStrenghtRSI: Determines the RSI period to filter trend strength.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Cycle Identifier”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

Currency Pairs Correlation

The Currency Pairs Correlation indicator is a free and popular tool for forex traders available on MT4 platform. It shows the correlation between various currency pairs, helping traders identify potential trading opportunities and manage their portfolio risk. The indicator calculates correlation coefficient between selected currency pairs and displays it as a color-coded matrix. The Currency Pairs Correlation indicator can be used by both novice and experienced traders to get a better understanding of market dynamics and make more informed trading decisions.
MT4
Quick view
Add to wishlist

Commodity Channel Index

The Commodity Channel Index (CCI) is a popular and useful Forex indicator used by many traders. It is a technical indicator that measures the momentum of price movements and helps to identify when a currency pair is overbought or oversold. It is easy to use and can help traders identify potential trading opportunities. The indicator is free to use on the MT4 trading platform and is one of the most popular indicators used by traders.
MT4
Quick view
Add to wishlist

Qualitative Quantitative Estimation

,
The Qualitative Quantitative Estimation Indicator is a powerful tool for traders in the Forex market. It's a new and popular indicator that works with the MT4 platform. The QQE Indicator is used to determine market trends, identify overbought and oversold positions, and detect divergence in prices and momentum.
MT4
Quick view
Add to wishlist

MACD Divergence

The MACD Divergence Indicator is a powerful tool that helps traders identify trend reversal points in the market. It is a popular and free indicator that is compatible with the MT4 platform. This new indicator plots divergences between the MACD indicator and the price on your chart, making it easy to spot potential trend reversals. It works by measuring the difference between two moving averages, and traders can use it to identify bullish or bearish divergences. With its ability to identify trend reversal points, this indicator is useful for both beginner and advanced traders.
MT4
Quick view
Add to wishlist

Rsi 3Tf Alert

,
Get three time frames RSI crossover trading signals with RSI 3TF Alert indicator. Provides a different approach to combine RSI for forex buy and sell arrow trading signals with alerts. With Built-in filter for high probability trading signals. Free to download and easy to install.
MT4
Quick view
Add to wishlist

Synthetic VIX

,
The Synthetic VIX Indicator is a popular and free Forex indicator for the MT4 trading platform. The indicator utilizes a combination of price action and signals from multiple time frames to accurately predict market movements. The Synthetic VIX indicator can be used to identify potential entry and exit points in the market, as well as to identify trend reversals and breakouts. It is designed to provide traders with an easy to use and reliable indicator that can help them make informed trading decisions. With its accurate and reliable signals, the Synthetic VIX Indicator is a great tool for any trader looking to improve their trading performance.
MT4
Quick view
Add to wishlist

Schaff Trend Cycle

,
The Schaff Trend Cycle indicator is a popular forex indicator for MT4, which determines market trends with high accuracy. Its values range from 0 to 100, with values above 75 indicating overbought and values below 25 indicating oversold. Whether you are a beginner or an experienced trader, the Schaff Trend Cycle indicator will help you make better trading decisions and improve profitability.
MT4
Quick view
Add to wishlist

Wave Trend Oscillator

The Wave Trend Oscillator Indicator is a popular and free Forex indicator for MT4 that is useful for both novice and experienced traders. This indicator is designed to detect the trend and momentum of the market and provide traders with a visual representation of the trend direction. It then plots the waves on a chart and provides traders with a signal when the trend has reversed or is about to reverse. This indicator is also customizable, allowing traders to adjust the sensitivity of the indicator to their own trading style. With the Wave Trend Oscillator Indicator, traders can easily identify the trend of the market and make informed trading decisions.