Cycle Identifier Indicator For MT4 | Download Free FX Indicators (2024)

The Cycle Identifier Indicator (CI) is a technical indicator that helps traders identify the current trend. It’s also known as the Super Ichimoku Cloud, and Japanese trader Kiyotaka Nakamura created it in 1987.

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The CI uses two candles to determine whether or not there is a bearish or bullish trend present. The first candle measures the stock price movement over a given period, while the second candle reflects how much volume was traded during that period. If the second candle is higher than the first, then there is evidence of an uptrend; if it’s lower, there may be evidence of a downtrend.

How to use the Cycle Identifier Indicator for MT4?

To use this indicator, open your forex chart and locate the CI strip at the bottom left corner. Ensure both candles are visible onscreen before proceeding; otherwise, you’ll get incorrect readings for your pending orders! Next, place your cursor over one of these candles and click on it to activate its properties menu (pictured below). You can adjust various settings related to this particular candle: duration, color, type, etc…

Cycle Identifier Indicator MT4 trading settings

Below are some of the settings you may want to adjust when using the FCI:

-Trading range: This setting determines how wide the open and close prices can vary before they’re considered out of balance. A comprehensive trading range will allow for more opportunities for trades, while a narrow trading range will reduce volatility and make it easier to predict price movements.

-Bar length: The bar length determines how many bars must pass after an indicator has been activated before being used again to calculate its following pattern or hand. This setting helps minimize “reaction noise” – sudden changes in market behavior caused by indecision on whether or not to buy or sell shares – by allowing less time for emotions to get involved between indicators activation and actual trade execution.”

Cycle Identifier Indicator Advantages

The Forex Cycle Identifier Indicator (FCII) is a technical analysis tool that uses Fibonacci retracement and moving averages to identify the current forex cycle. This can help traders make better trading decisions by providing information about how well the market performs relative to its historical trends.

There are several advantages to using FCII, including the following:

-It can help you identify overvalued and undervalued markets.

-Can help you determine when a trend has ended or begun.

-It provides reliable information about whether price momentum is increasing or decreasing.

Cycle Identifier Indicator Disadvantages

Despite these intentions, there are several drawbacks to using FCII as an investment tool. First, FCII is not always accurate in predicting market trends. It can sometimes lead investors astray when they are in a bull or bear market cycle rather than the middle phase of one.

Second, FCIIs can be susceptible to manipulation by traders and insiders who have access to valuable information about upcoming trends. If you rely on FCII as your only source of information, you may risk losing money if someone else knows more about what’s happening than you do!

So use caution when using FCII – significantly if you invest large sums of money into markets prone to volatility and price swings. Instead, consult with a professional financial advisor before making any decisions!

CI Indicator installation on MT4

To install the Cycle Identifier Indicator on the MetaTrader 4 (MT4) platform, follow these steps:

1. Download the indicator file in .mq4 or .ex4 format.
2. Open the MT4 platform and go to the “File” menu at the top of the screen.
3. Select “Open Data Folder” to open the platform’s data folder.
4. Open the “MQL4” folder, then the “Indicators” folder.
5. Copy the indicator file you downloaded into the “Indicators” folder.
6. Close the MT4 platform and then re-open it.
7. Go to the “Navigator” window on the screen’s bottom.
8. Under the “Navigator” window, click on the “Custom Indicators” tab.
9. The Cycle Identifier Indicator should now be listed in the “Custom Indicators” tab, select it and drag and drop it to the chart where you want to use it.
10. Configure the indicator settings as desired and click the “OK” button to apply the changes.

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Conclusion

The Cycle Identifier Indicator is a valuable tool to help you identify market cycles. Be cautious when using it – especially if markets are prone to volatility and price swings. Consult with a professional financial advisor before making any decisions!