MetaTrader 4 Da Vinci Indicator Download – Free | Forex Indicator Download – MT4/MT5 Resource
The DaVinci indicator is a combination of three indicators: Relative Strength Index (RSI) , Commodity Channel Index (CCI) and Bollinger Bands.
This trading tool integrates these indicators into a unified system to provide accurate entry and exit signals. Trading signals in this tool are represented by blue and red arrow markers.
DaVinci Indicator Specification Sheet
The characteristics of the DaVinci indicator are shown in the table below:
| Indicator categories: | Signals and Forecasts MT4 Indicators Currency Strength MT4 Indicators Bands and Channels MT4 Indicators |
| Platforms: | MetaTrader 4 Indicators |
| Trading Skills: | Elementary |
| Indicator Types: | Inverse MT4 Indicator |
| Time frame: | Multi Time Frame MT4 Indicators |
| Trading Style: | Day Trading MT4 Indicators Scalper MT4 Indicators Swing Trading MT4 Indicators |
| Trading Tools: | Stock MT4 Indicator Index Market MT4 Indicator Commodity Market MT4 Indicator Stock Market MT4 Indicator Cryptocurrency MT4 Indicator Forex MT4 Indicator |
DaVinci Indicators at a Glance
The DaVinci indicator determines trading signals based on the relationship between the two indicators "RSI" and "CCI" relative to the Bollinger Bands.
When both "RSI" and "CCI" reach the oversold zone and the price crosses the lower Bollinger Bands, a buy signal is issued.
On the contrary, when “RSI” and “CCI” confirm overbought conditions and the price reaches the upper Bollinger Bands, the indicator recognizes this situation and issues a sell signal .
Buy Signal
The indicator uses blue arrows to give a buy signal on the chart of the Ethereum (ETH) cryptocurrency on the 1 hour time frame.
Traders can act on these signals based on where the market is headed.
Sell Signal
The red arrow indicates the best point to enter a sell trade based on the USD/CAD chart on the 30-minute time frame.
As shown in the chart below, the market trend turned bearish after the DaVinci indicator signaled.
DaVinci indicator settings
The adjustable parameters in the DaVinci indicator are as follows:
Bollinger Bands Settings
- BB Period: Bollinger Band Period
- BB Deviation: standard deviation of the band
- BB Shift: Band shift
CCI Settings
- CCI Period: CCI period
- CCI Applied Price: Applied price
- CCI Oversold: Oversold zone
- CCI Overbought: Overbought zone
RSI Settings
- RSI Period: relative strength index period
- RSI Applied Price: Applied price
- RSI Overbought: RSI overbought zone
- RSI Oversold: RSI oversold zone
Alert Settings
- Alerts ON: Enable alerts
- Message Alert: Text alert
- Email Alert: Email notification
- Sound Alert: Sound notification
- Sound File: Alert sound file
Conclusion
The DaVinci indicator uses three tools to generate trading signals: Bollinger Bands, “CCI,” and the Relative Strength Index.
By analyzing the relationship between these three indicators, determine the appropriate indicator entry points and display them using arrow markers.
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