Rubicons CCI Cross Arrow Trading Indicator
Rubicons CCI Cross Arrow Trading Indicator - is a signal modification of the popular CCI oscillator for the MetaTrader 5 trading terminal. The signal line in the form of a three-period exponential moving average. The intersection of the CCI line and the signal EMA together with the overbought and oversold zones is a signal to open positions.
How to use Rubicons CCI Cross Arrow Indicator
- If the CCI line crosses oversold level The signal indicator to buy appears when the CCI line is above the signal EMA line;
- If the CCI line crosses overbought level from top to bottom and the CCI line is below the signal EMA line, then the signal pointer to sell appears.
If you use Rubicons CCI Cross Arrow Trading Indicator for MT5 as an independent source of trading signals, the probability of erroneous entries will be quite high. That is why Fortrader experts recommend applying additional filters, which will turn the use of the indicator into a trading strategy.
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