SSRC Indicator Metatrader 4 Forex Indicator

The SSRC Indicator Metatrader 4 forex indicator is a simple overbought/oversold technical indicator that works, even for beginners.

A buy/sell alert is triggered in the region of oversold/overbought levels and the SSRC indicator is known to be more accurate than the Stochastic at 8, 3, 3 settings.

The SSRC Indicator will mimic price, thus providing updated signals on current market movements.

It shows a lime line within a separate window that runs through the varying alert levels.

These critical levels are -0.9, -0.75, +0.75 and +0.9.

Price is said to be oversold when it is driven below -0.9 level and overbought when it jumps above the 0.9 level.

Free Download

Download the “ssrc-indicatorr.ex4” MT4 indicator

Example Chart

The USD/CAD M15 chart below displays the SSRC Indicator Metatrader 4 forex indicator in action.

Basic Trading Signals

Buy Signal: Go long when the lime line of the SSRC Indicator Metatrader 4 forex indicator breaks above the zero signal level.

Sell Signal: Go short when the lime line of the SSRC Indicator Metatrader 4 forex indicator dips below the zero center level.

Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the lime line of the SSRC Indicator dips below the zero signal level.

Exit sell trade: Close all sell orders if while a bearish trend is running, the lime line of the SSRC Indicator breaks above the zero center level.

Tips: The SSRC indicator is a perfect scalping tool when used in combination with other indicators on lower charts of M1, M5, and M15.

Download

Download the “ssrc-indicator.ex4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart window indicator

Customization options: Variable (SnakeRange, FilterPeriod, MartFiltr, PriceConst), width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: trend

Installation

Copy and paste the ssrc-indicator.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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