Bear Naked Pattern Indicator

Bear Naked Pattern MT4 Indicatorpoints to the plot points of entry and exit from the market, this indicator is suitable for those who trade on the principle of "always in the market."

On the chart the indicator looks simple enough, it is only in the form of patterns of red and blue arrows indicate the best time for the trader to trade, but in order to calculate the data points on the chart, the indicator must be applied for calculation methods for calculating the other indicators. These indicators are included in standard delivery to any terminal MetaTrader4 and called: Moving Average , CCI , Bollinger Bands , but the indicator Bear Naked Pattern , recent indicators are to be installed.

In order to signal appeared on the chart to buy or sell, the indicator looks intersection point indicator Moving Average and CCI , but the data points of intersection must coincide with the moment when the price crosses the lowest or highest values ​​of the Bollinger Bands. When all these conditions are identical, the indicator is above or below depicts a candle (bar), the red or the blue arrow that points to the candle (bar), after the closure of which is to open the deal.

Indicator parameters:

CCI_Periodo - period indicator CCI;
NivelCCI_MIN - the lower level of CCI;
NivelCCI_MAX - the upper level of CCI;
MM_Periodo - period indicator Moving Average;
BB_Periodo - period indicator Bollinger Bands;
BB_Desvio - shift indicator Bollinger Bands.
Also in this indicator is the ability to customize the color of the arrows and their size.

The use of trade:

This indicator is designed to keep the testimony of several indicators of the signal-to-one and in this case, this signal is the arrow on the chart, which indicates the entry point.

One of the principles of trade for this indicator is a type of trade under the name "always in the market." This type of trading is characterized by the fact that at any given time, a trader sells under the scheme, there is always an open transaction or transactions and these transactions are closed, when receiving a signal from the indicator in the opposite direction, thus opening up new deals in a new direction. In this case, the system will be very simple, because other signals indicator does not give.

In order to make their trade more system should be to this indicator is to add one or more indicators in order to have the point of initial stops, trailing stops and adding to the position.

Download the Bear Naked Pattern indicator for MT4