Bear Naked Pattern indicator identifies and accurately points buy and sell signals based on CCI and MA crossovers. The indicators works best on minutely time-frames, In particular, on 15 minute chart of GBPUSD major currency pair. Other time-frames and pairs are possible, however, experimentation and parameter adjustment will be necessary to achieve the best results. Bear Naked Pattern1_2 indicator on GBPUSD M15 time-frame
Most of the parameters will require adjustment for different pairs and time-frames to achieve the best results. Therefore, the alterations are "trial and error" based. The fallowing are default presents: CCI_Periodo = 21; NivelCCI_Min = -80; NivelCCI_Max = 80; MMPeriodo = 14; Also try 20. BB_Period = 21; BB_Desvio =2; PIP_DesvioMAX = 0.0010; Deviation of the prices and the Bollinger Band's high. PIP_Oscilacao = 0.0015; Oscilation of the price. CCI_Setup2; CCISetup2Desc; FuraBollinger; Change of price crossing of either tom or bottom line line of the Bollinger Band. NivelCCI_MIN_Stp2 = -60; NivelCCI_MAX_Stp2 = 60; NivelMM_MIN_Stp2 = 80; NivelMM_MAX_Stp2 = 80;
How to install your indicator on MT4 platform: 1. Click on Download button above; 2. Save the the file to your computer; 3. Move the .mt4 file into the following folder : meta traderexpertsindicators; 4. Restart your Metatrader platform; 5. Click “Indicators” button in Metatrader toolbar; 6. Select “Custom”; 7. Search and select “BearNakedPattern1_2”; 8. Adjust settings or press OK to add the indicator to your selected chart; Note: BearNakedPattern1_2 indicator was created by Daniel Vieira Costa and sent to us by an AtoZForex follower from Poland, Wojciech. AtoZForex does not carry any copyrights over this trading tool. Do you have a reliable indicator or EA? Would you like to share it with our users?