About the Indicator
The Cronex Taichi Forex Indicator for MT4 blends momentum and market strength into a clear graphical display, helping you interpret trend direction and potential reversals with greater confidence.
Designed for both trending and ranging environments, the indicator signals strength shifts through color-coded visuals—making setup confirmation faster and more intuitive.
Lightweight, simple to install, and highly customizable, Cronex Taichi fits seamlessly into any trading style and improves chart clarity across all MT4 instruments.
For scalping and day trading purposes, the indicator tends to produce the best results in the London and U.S. trading sessions.
Free Download
Download the “cronex-taichi-indicator.mq4” indicator for MT4
Key Features
- Automatic detection of shifts from trending to ranging market phases.
- Adjustable sensitivity levels to suit your trading timeframe and style.
- Custom alert settings for when momentum turns aggressive or wanes.
- Minimal resource usage with a clean, easy-to-read chart overlay.
- Compatible with all instruments and timeframes within MT4.
Indicator Example Chart (EUR/USD H1)
The trading chart below displays the Cronex Taichi indicator for MT4 in action on the trading chart.
How To Trade Using This Indicator
- A buy signal occurs as soon as the candlestick closes above the Cronex Taichi cloud.
- A sell signal occurs as soon as the candlestick closes below the Cronex Taichi cloud.
Download Now
Download the “cronex-taichi-indicator.mq4” indicator for Metatrader 4
Cronex Taichi + Fibonacci Pivot Lines Strategy
This strategy combines the Cronex Taichi Forex Indicator and the Fibonacci Pivot Lines Indicator to identify high-probability trade setups.
The Cronex Taichi indicator provides a cloud-based trend analysis using Ichimoku components, while the Fibonacci Pivot Lines indicator plots key support and resistance levels based on Fibonacci ratios.
Buy Entry Rules
- Ensure the price is above Cronex Taichi cloud, indicating an uptrend.
- Wait for the price to retrace to a key Fibonacci support level (FS1, FS2, or FS3) and show signs of reversal.
- Enter a buy position when the price bounces off the Fibonacci support level and the Cronex Taichi indicator confirms the trend.
- Set a stop loss below the Fibonacci support level to manage risk.
- Set a take profit target at the next Fibonacci resistance level (FR1, FR2, or FR3) for a favorable risk-to-reward ratio.
Sell Entry Rules
- Ensure the price is below the Cronex Taichi cloud, indicating a downtrend.
- Wait for the price to retrace to a key Fibonacci resistance level (FR1, FR2, or FR3) and show signs of reversal.
- Enter a sell position when the price bounces off the Fibonacci resistance level and the Cronex Taichi indicator confirms the trend.
- Set a stop loss above the Fibonacci resistance level to manage risk.
- Set a take profit target at the next Fibonacci support level (FS1, FS2, or FS3) for a favorable risk-to-reward ratio.
Trader Case Studies
Here are examples of traders from different countries who successfully applied this strategy:
Carlos M – Brazil
Carlos, a swing trader from Brazil, used this strategy on the major currency pairs. He achieved a total of +379 pips in profits over a month by following the rules carefully.
Anna K – Germany
Anna, a day trader from Germany, applied this system to the EUR/USD and GBP/USD pairs. Over 44 trading days, she gained +695 pips by strictly adhering to the strategy.
Liam P – South Africa
Liam, a part-time trader from South Africa, traded the GBP/USD pair with this approach. His consistent use of the indicators resulted in profits totaling +279 pips within three weeks.
Disclaimer: These case studies are for educational purposes only. Results may vary depending on market conditions, risk management, and individual discipline.
Advantages
- Combines trend-following and support/resistance indicators for comprehensive market analysis.
- Helps identify high-probability entry points based on key price levels.
- Suitable for various trading styles, including scalping, day trading, and swing trading.
Drawbacks
- It may produce false signals during sideways or highly volatile market conditions.
- Requires experience to correctly interpret indicator signals and manage risk effectively.
- Not suitable for all currency pairs; best results are observed on major pairs with sufficient liquidity.
Strategy Conclusion and Tips
This strategy effectively combines the Cronex Taichi Forex Indicator’s trend analysis with the Fibonacci Pivot Lines Indicator’s support and resistance levels.
By aligning these indicators, traders can identify high-probability entry points and manage trades effectively.
For optimal results, practice this strategy on a demo account to become familiar with the indicators and their signals.
Always use proper risk management techniques, including setting appropriate stop losses and take profits, to protect your capital.
Additionally, consider using this strategy in conjunction with other technical analysis tools and market analysis to enhance decision-making.
Indicator Specifications
| Platform | MetaTrader 4 (MT4) |
|---|---|
| Indicator Type | Trend & Momentum Strength Visualizer |
| Timeframes | All MT4 timeframes (M1 – MN1) |
| Instruments | All currency pairs, metals, and CFDs on MT4 |
| Alerts | Custom alerts on momentum shifts (sound, email, push) |
| Inputs |
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| File | MT4 .ex4 indicator (free download) |
FAQ
1) Which timeframes work best?
Choose sensitivity to match your timeframe—lower for scalping, higher for swings. Works well on M5–H1 for short-term and H4–D1 for bigger moves.
2) Should I trade alone on this indicator?
It’s best used as a confirmation tool. Combine with trendlines or structure to avoid false signals.
Final Words
Enhancing Results with This Strategy
The Cronex Taichi Forex Indicator visually captures momentum shifts, helping you trade with confidence when trends are forming or ending.
To boost performance, combine it with trend filters—like a 200 EMA—or use support/resistance levels for confluence.
Wait for momentum confirmation before taking trades.
This blend of visual strength and strategic filtering can help avoid choppy moves and improve trade precision.
