The FX Snipers T3 CCI indicator for MT4 combines the CCI (Commodity Channel Index) with the T3 moving average to provide smoothed bullish and bearish trend signals. This allows traders to identify the trend direction, Trend Strength, and even early Trend Reversal opportunities through divergence analysis.
It is suitable for both new and advanced forex traders and works effectively on all chart timeframes, making it adaptable for Scalping, intraday, and long-term trading strategies.
How It Works
- Indicator Components:
- Histogram bars: Green for bullish, red for bearish trends
- Zero line: The baseline for bullish/bearish identification
- Height of bars: Represents trend strength; taller bars indicate stronger trends
- Reversal signals:
- Occur when there is divergence or convergence between price and histogram
Trading Strategy
- Trend Following:
- Buy Trade: Green histogram bars above the zero line → Enter long position with stop loss below previous swing low
- Sell Trade: Red histogram bars below the zero line → Enter short position with stop loss above previous swing high
- Exit when the histogram color reverses or based on your risk-reward plan
- Reversal trading:
- Look for divergence between the histogram and price
- Open positions in anticipation of trend reversals using standard risk management
Benefits and Features
✔ Simple histogram-based signals for easy interpretation
✔ Identifies trend direction, trend strength, and reversals
✔ Works on all timeframes
✔ Suitable for all trading strategies – scalping, intraday, and long-term
✔ Free to download and easy to install
✔ Can be used in combination with other indicators for confluence
Conclusion
The FX Snipers T3 CCI indicator for MT4 is a trend-following and Reversal Indicator that helps forex traders identify bullish and bearish market conditions. Its histogram provides clear entry and exit signals, while divergence detection allows spotting early trend reversals.
