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;
PIP_DesvioMAX = 0.0010; Deviation of the prices and the Bollinger Band's high.
PIP_Oscilacao = 0.0015; Oscilation of the price.
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;
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.
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