What is Izci Indicator and How to Use?

Indicators Jul 5, 2023

The Izci indicator is formed of 3 lines, namely the Main Line, the Upper Line and the Lower Line.

You can use the Izci indicator in the following ways:

To catch breakouts:

- Severe rises can be expected when the price breaks the upper band.

- Severe declines can be expected when the price breaks the lower band.

To take advantage of in-band movements:

- Take profit on long trades when the price rises above the main line and touches the upper band.

- Take profit on short trades when the price moves below the main line and touches the lower band.

How to use the Izci indicator?

View of the Izci Indicator on TradingView

There are also two other values on the chart that can help you when trading with the Izci indicator.

The Divergence Value shows how far the price moves away from the main line in percentage terms. You can take profit on deviation values that are outside the standards and reduce your risk of losing.

The Saturation Value shows whether the price has reached saturation. A saturation value close to 100 indicates that the price has reached saturation, but in severe trend movements, this value may remain close to 100 for a certain period of time. A saturation between 0 and 20 may mean that the downward movement of the price has been dampened.

Izci Indicator at Traderlands Strategy Creator Tool

You can start creating a strategy by selecting "Izci Down Line” and “Izci Up Line” from the list. An example strategy is shown in the image below. You can use the Izci indicator to create a strategy after doing your own research.

Enter Algorithm Rules You Can Add To Strategy Creator:

Exit Algorithm Rules You Can Add To Strategy Creator:

Trade Settings:

WARNING: The entry and exit strategies in the images are prepared ONLY for educational purposes to explain how indicators work. It does not guarantee any profit.

When creating an algorithmic trading strategy, a rule set is usually created by using more than one indicator.

Backtest Results: