The Zee Zee Alert Forex indicator for Metatrader 4 is a beginner friendly technical oscillator that provides solid buy & sell signals.
The indicator appears in a separate chart window in the form of a colored blue/gray/red signal line and threshold levels.
How does it work?
- The Zee Zee alert indicator will trigger a buy signal when the signal line crosses the 200 threshold level bottom-up.
- The Zee Zee alert indicator will trigger a sell signal when the signal line crosses the -200 threshold level top-up.
Key Features
- Buy/sell signals indicator
- Good for scalping
- Good for day trading
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a buy/sell signal trend confirmation tool.
Free Download
Download the “zee zee alert.mq4” MT4 indicator
Indicator Example Chart
The EUR/USD 15-minute chart below shows the Zee Zee Alert Forex indicator in action.
Trading Signals
BUY:
- Open a buy trade when the red colored signal line appears on the chart (200 threshold level).
- Set stop loss below technical support.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- Open a sell trade when the blue colored signal line appears on the chart (-200 threshold level).
- Set stop loss above technical resistance.
- Exit the sell trade for a predetermined profit target or wait for a buy signal.
Download Now
Download the “zee zee alert.mq4” MT4 indicator
TMA Bands with Zee Zee Indicator Strategy
Overview
This strategy integrates the Zee Zee Alert Indicator with TMA Bands to identify potential entry and exit points in the forex market.
It’s designed for traders who prefer short-term trading and scalping techniques.
Indicators Used
- Zee Zee Alert Indicator (based on CCI)
- TMA Bands (Triangular Moving Average Bands)
- Zig Zag v.2 (optional for identifying swing highs and lows)
Timeframes and Pairs
- Timeframes: M5 (5-minute) and M15 (15-minute)
- Currency Pairs: Major pairs (e.g., EUR/USD, GBP/USD)
Buy Entry Conditions
- Aqua-colored dot appears on the TMA Bands, indicating a support level.
- The Zee Zee Alert Indicator crosses above the zero level from below.
- Optional: Zig Zag indicator confirms a recent swing low.
Sell Entry Conditions
- A yellow-colored dot appears on the TMA Bands, indicating a resistance level.
- The Zee Zee Alert Indicator crosses below the zero level from above.
- Optional: Zig Zag indicator confirms a recent swing high.
Exit Strategy
- Stop Loss: Set 3 pips below the support level for buy trades or 3 pips above the resistance level for sell trades.
- Take Profit:
- For M5 timeframe: 10-15 pips
- For M15 timeframe: 15-20 pips
Additional Strategy Tips
- Ensure that the trade direction aligns with the overall market trend.
- Avoid trading during low volatility periods to reduce the risk of false signals.
- Backtest the strategy on historical data to assess its performance before live trading.
Adjustable Parameters & Settings
CCI period, smooth period, mode, price, mode 52, alert level, signal bar, alerts, colors, style
More Info About This Tool
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: signal
How to install the Zee Zee Alert indicator in Metatrader 4?
- Copy and paste the zee zee alert.mq4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
