What is the Market Cycles Indicator for MT4?

The Market Cycle Indicator (MCI) for MetaTrader 4 is a technical analysis indicator using wave theory to identify market cycles. It detects peaks and valleys in stock prices and provides investors with an accurate picture of the current state of the market.

Market Cycles Indicator

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How to use the Market Cycles Indicator for MT4?

To use the MCI, set up your indicators as you usually would. Next, click on Analysis> Technical Analysis > Statecharting Tools > Market Cycle Indicator (MCI). The MCI will appear as a color-coded line on your chart, along with other helpful information, such as its length and width. You can use this information to make informed trading decisions based on whether you believe a bearish or bullish market cycle is underway.

Market Cycles Indicator MT4 trading settings

You can use this setting when you’re seeking confirmation of your existing trade idea or considering new investment opportunities. Using these indicators, you’ll be able to identify trends and make informed decisions about where to put your money.

Market Cycles Indicator Advantages

There are several advantages to using this indicator:

-It can help you determine when to enter or exit a trade based on past performance.

-It can signal when there is likely to be a substantial trend change, leading to higher profits.

-By understanding how the EAMA and SMA function together, you can better anticipate potential market fluctuations.

Market Cycles Indicator Disadvantages

Traders should be aware of several forex market cycle indicator disadvantages. For example, the MACD oscillator has been shown to perform worse when in a bullish trend than in a bearish trend. If you’re using the MACD as your primary forex market cycle indicator, it’s essential to pay attention to where the hand is located on its histogram — not just how far up or down it is trending.

Other common disadvantages of stock and currency markets include momentum and reversal patterns becoming more pronounced during periods of high volatility (due to chaos theory) and fewer opportunities for profitable trades as prices become more tightly consolidated due to herd mentality. As with all technical analysis tools, traders need to understand their specific trading framework before selecting an indicator(s) and using them.

MC Indicator installation on MT4

To install a market cycles indicator on the MetaTrader 4 (MT4) platform, you will need to follow these steps:

  1. Download the indicator file in .ex4 format
  2. Open the MT4 platform and go to the “Navigator” window
  3. In the Navigator window, click on the “Expert Advisors” tab and then click on the “Browse…” button
  4. Locate the indicator file on your computer and double-click on it to install it
  5. The indicator should now be available in the “Navigator” window under the “Custom Indicators” tab
  6. Drag and drop the needle onto a chart to use it.

It’s always a good idea to test the indicator on historical data before using it on live markets and to read the documentation provided by the developer to understand how the hand identifies market cycles and what type of Analysis it is based on.

It’s also important to note that identifying market cycles is a complex task, and it’s not always possible to do it accurately. Different indicators may use different methods and data to identify market cycles, so it’s recommended to test the hand on historical data and compare its performance to other indicators before using it on live markets.

Market Cycles Indicator mt4

Market Cycles Indicator mt4 free download


Market cycles are a common phenomenon in financial markets, and there is evidence that they can be used to predict future prices. This article has provided an overview of how the market cycles indicator works and how to install them on the MT4 platform.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Telegram Channel | Quora | Reddit

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