The SSRC Trend indicator for MT4 oscillates between 1.3 and -1.3 levels. 1.3 indicates strongly overbought and -1.3 indicates strongly oversold.
Trading Rules
BUY: Go long if the SSRC crosses the 0 level from below.
SELL: Go short if the SSRC crosses the 0 levels from above.
See illustration below for clarification of the entry rules.
As you can see from the EUR/USD 1 hour chart example, the SSRC Trend indicator generated 4 wins and only 1 small loss.
Download
Download the SSRCTrend.mq4 indicator.
EUR/USD 1 Hour Chart Example
How to install the SSRC Trend custom indicator in Metatrader 4?
- Download the SSRCTrend.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.