Fmcbr Indicator [patched] < Limited Time >
The FMCBR indicator is a technical analysis tool primarily used in the MetaTrader 4 (MT4) platform to identify potential market reversals or pullbacks. It is heavily based on the concept of a Dominant Break of a candle and utilizes custom Fibonacci levels to project price targets. Key Features of the FMCBR Indicator
- Is the FMCBR out of the Gray Zone (-20 to +20)?
- Is the price retesting a level, not spiking away from it?
- Is the Flow (F) component supporting the direction?
- Are you trading in the direction of the higher timeframe FMCBR?
: A secondary momentum tool used to confirm the strength of a trend. fmcbr indicator
1. The "Squeeze" Identification When the FMCBV bands begin to contract or flatten out, it signals that the market has lost its directional bias. Buyers and sellers are in equilibrium. The FMCBR indicator is a technical analysis tool
Result: On April 19, FMCBR crossed above 80 into overbought, and an up fractal formed at the same high. A short position initiated at 1.0905 with a stop at 1.0915 (above fractal) would have caught a reversal to 1.0870 by April 20. Is the FMCBR out of the Gray Zone (-20 to +20)
Strong; effectively uses "Dominant Candles" to define market bias. Signal Lag
Trend Definition: A valid uptrend requires price action to remain above all 3 EMA lines; a valid downtrend requires price action to sit below them.
| Date | Price | MACD Hist | BB Lower | BB Upper | FMCBR | Fractal | Signal | |------|-------|-----------|----------|----------|-------|---------|--------| | Apr 15 | 1.0850 | -0.0025 | 1.0820 | 1.0900 | 18 | Down fractal at 1.0830 | – | | Apr 16 | 1.0860 | -0.0010 | 1.0825 | 1.0895 | 32 | None | – | | Apr 17 | 1.0875 | +0.0005 | 1.0830 | 1.0890 | 45 | None | – | | Apr 18 | 1.0890 | +0.0020 | 1.0835 | 1.0885 | 68 | None | Wait | | Apr 19 | 1.0905 | +0.0035 | 1.0840 | 1.0880 | 92 | Up fractal at 1.0905 | Sell Signal |