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Sea Candles MT4 is an innovative Forex software that utilizes the Commodity Channel Index (CCI) oscillator to determine price movement directions. This signal trading indicator gives signals to open a position by measuring price deviations from its moving average. The tool is especially useful in the Forex market analysis due to its ability to detect overbought and oversold states, thus predicting a possible corrective increase.
Functionality of Sea Candles MT4
The unique feature of Sea Candles MT4 is its ability to use the CCI oscillator to identify classic divergence. This classic divergence appears when the price reaches a new high and the CCI fails to rise above previous highs, which is usually followed by a price correction. The CCI operates within the range of ±100, with values above or below this range indicating overbought or oversold states respectively.
Visual Presentation and Notification System
Sea Candles MT4 presents its results in the form of candlesticks colored differently based on the market’s status. The colors are conveniently detailed in the main menu for easy interpretation. With an integrated notification system, this Forex trading tool sends alerts through the terminal, email, or phone whenever there is a change in the color of the indicators.
Usage of Sea Candles MT4
The usage of Sea Candles MT4 is simplified by the color-coded indicators. Depending on the color of the indicators, users can decide whether to buy or sell. The software sends notifications for any changes in the indicators, ensuring that users can make timely decisions. The Sea Candles MT4 indicator is applicable to all currency pairs, stocks, and cryptocurrencies.
The Sea Candles MT4 indicator offers a range of configurable settings for personalized use. These include the number of bars to be read (History), the timeframe linked to the indicator (TimeFrame), the bar at which the signal will be (SIGNALBAR), and options to hide or show the candle body and shadow. The software also allows users to adjust notification settings, including terminal notifications, soundtracks, email notifications, and mobile alerts.
Independent Testing and User Feedback
For those interested in seeing the Sea Candles MT4 indicator in action, independent testing of the product is available on the forexroboteasy.com website. Users can also subscribe to updates on the testing results of this product. Sharing of personal experiences with the Sea Candles MT4 is highly encouraged to provide a comprehensive review of the product.
Q: What is the Sea Candles MT4?
A: It is a Forex software that uses the CCI oscillator to determine price movement directions and generate signals for opening a position.
Q: How does the Sea Candles MT4 work?
A: It measures price deviations from its moving average to detect overbought or oversold states and predict a possible corrective increase.
Q: How do I use the Sea Candles MT4?
A: Depending on the color of the indicators, you can decide whether to buy or sell. The software sends notifications for any changes in the indicators.
Q: Where can I see independent testing of the Sea Candles MT4?
A: You can watch independent testing of Sea Candles MT4 on the forexroboteasy.com website.
This review is an independent analysis of the Sea Candles MT4, a unique Forex trading tool that offers a significant advantage in currency trading and Forex market analysis.
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