The TCCI Signals forex indicator for Metatrader 4 analyses the market in real-time and provides easy-to-trade buy and sell signals in the form of a dual colored signal line.
The TCCI signal line alternates between green and red colors.
- A green colored signal line represents a bullish market. Traders look for buy trade opportunities.
- A red colored signal line represents a bearish market. Traders look for sell trade opportunities.
TCCI can be used as a standalone signal generator or together with other technical tools or price analysis.
For scalping and day trading purposes, it’s recommended to use TCCI signals during the London and New York trading sessions.
Feel free to experiment with the indicator’s input parameters and different settings.
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Indicator Chart (EUR/USD H1)
The EUR/USD 1-Hour chart below displays the TCCI Signals Metatrader 4 indicator in action.
Basic Trading Signals
Signals from the TCCI Signals MT4 indicator are easy to interpret and go as follows:
Buy Signal: Open buy trade when the TCCI signals line changes from red to green color. A green colored signal line represents a bullish market. Place a stop-loss below the green signal line or support.
Sell Signal: Open sell trade when the TCCI signals line changes from green to red color. A red colored signal line represents a bearish market. Place a stop-loss above the red signal line or resistance.
Trade Exit: Use your own method of trade exit.
TCCI Signals and Precision Trend Histogram MT4 Forex Strategy
This strategy combines the TCCI Signals MT4 Indicator with the Precision Trend Buy Sell Histogram MT4 Indicator to identify strong trend-based entries in Forex trading.
The TCCI Signals indicator provides direct buy and sell signals using green and red lines.
The Precision Trend Histogram confirms trend strength with green bars for bullish momentum and red bars for bearish momentum.
This setup works well on multiple time frames, such as H1, H4, and D1.
It is suitable for day traders and swing traders seeking a clear entry and exit framework while managing risk effectively.
Buy Entry Rules
- The TCCI Signals indicator shows a green line, indicating a buy signal.
- Precision Trend Histogram displays green bars, confirming a bullish trend.
- Enter a buy trade at the close of the confirming candle.
- Place a stop loss below the most recent swing low or support level.
- Take profit is set dynamically by exiting a portion of the trade at the next minor resistance level.
- Trail the remaining position using a moving average or previous swing lows for extended profit.
Sell Entry Rules
- The TCCI Signals indicator shows a red line, indicating a sell signal.
- Precision Trend Histogram displays red bars, confirming a bearish trend.
- Enter a sell trade at the close of the confirming candle.
- Place a stop loss above the most recent swing high or resistance level.
- Take profit is set dynamically by closing part of the trade at the next minor support.
- Trail the remaining position using a moving average or previous swing highs.
Advantages
- Combines direct signal and trend confirmation for higher probability trades.
- Flexible on multiple time frames and currency pairs.
- Dynamic take profit allows traders to capture extended trends while locking in partial gains.
Drawbacks
- Signals may be delayed in very volatile markets, causing late entries.
- Trailing take profit requires attention and adjustments based on market behavior.
- Not ideal for scalping on very short time frames.
Example Case Studies
Case Study 1 – EURUSD
On the EURUSD H1 chart, the TCCI Signals indicator turned green while the Precision Trend Histogram displayed green bars, indicating a buy trade.
The trade was entered at 1.1025 with a stop loss at 1.1000.
Partial profit was taken at 1.1070 near a minor resistance level, and the remaining position was trailed using the previous swing lows, reaching a final exit at 1.1105.
Total profit was 80 pips.
Case Study 2 – AUDUSD
On the AUDUSD H4 chart, the TCCI Signals indicator turned red, and the Precision Trend Histogram showed red bars, signaling a sell trade.
The trade was entered at 0.6760, stop loss at 0.6790.
Part of the position was closed at 0.6715, and the remainder was trailed along the previous swing highs, with final exit at 0.6685.
Total profit was 75 pips.
Strategy Tips
- Wait for both the TCCI signal and histogram trend to align before entering a trade.
- Use dynamic take profit to adapt to changing market conditions rather than fixed targets.
- Combine this strategy with higher time frame trend analysis for better context.
- Always manage risk by limiting trades to 1–2% of your account balance.
- Consider skipping trades during major economic news to avoid whipsaws.
- Trail stop losses for extended trends to maximize profits while protecting gains.
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MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (price, length, filter, deviation) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend
