DCC / Piercing

DCC / Piercing MT5 indicator for multiple cycles. The indicator helps to identify potential trading opportunities in different time frames.

If previous candle is bear and current candle is bull with open below the previous candle’s close, it marks a bullish arrow

If previous candle is bull and current candle is bear with open above the previous candle’s close, it marks a bearish arrow

How to install DCC / Piercing Indicator in MetaTrader 5 Forex Trading Platform?

• Extract the downloaded DCC / Piercing Indicator.zip file.
• In the MetaTrader 5 trading platform, go to the “File” menu and click “Open Data Folder”.
• Navigate to the MQL5 folder and open the Indicators folder.
• Paste the DCC / Piercing Indicator.ex5 file(s) into the Indicators folder.
• Restart the MetaTrader 5 platform.