Da Vinci Indicator for MetaTrader 4 Download – Free – [TradingFinder]

The Da Vinci Indicator is designed by combining three indicators: the 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. The trading signals in this tool are represented using blue and red arrow markers.

Da Vinci Indicator Specification Table

The features of the Da Vinci Indicator are shown in the table below:

Da Vinci Indicator at a Glance

The Da Vinci 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 Band, a buy signal is issued.

Conversely, when overbought conditions are confirmed by “RSI” and “CCI” and the price reaches the upper Bollinger Band, the indicator identifies this and issues a sell signal.

Buy Signal

Based on the Ethereum (ETH) cryptocurrency chart in the 1-hour timeframe, the indicator issued a buy signal using a blue arrow.

Traders can act upon these signals according to the market’s movement direction.

Sell Signal

According to the USD/CAD chart in the 30-minute timeframe, the red arrow indicates the optimal point for entering sell trades.

As shown in the image below, after the Da Vinci Indicator issued the signal, the market trend turned bearish.

Da Vinci Indicator Settings

The adjustable parameters in the Da Vinci Indicator are as follows:

Bollinger Bands Settings

• BB Period: Bollinger Bands 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 Da Vinci Indicator issues trading signals using three tools: Bollinger Bands, “CCI,” and Relative Strength Index.

By analyzing the relationship between these three indicators, it identifies suitable entry points and displays them using arrow markers.