The CCI Cross Alert Arrows Metatrader 4 indicator is based on the popular CCI indicator, developed by Donald Lambert.
The CCI Cross Alert Forex indicator will draw an arrow on the chart every time CCI readings crosses back above or below the extreme -100 and +100 values.
CCI fluctuates between the -100 and +100 extreme values.
It’s recommended to use the CCI Cross Alert indicator together with a trend following trading indicator for better trend prediction.
- A CCI Cross Alert indicator movement back below +100 value would trigger a red sell trade arrow. Look to sell.
- A CCI Cross Alert indicator movement back above -100 would trigger a white buy trade arrow. Look to buy.
- Use together with trend indicators to confirm the buy or sell trade.
Learn below how to open buy and sell trades with the CCI Cross Alert Arrows Forex MT4 Indicator.
Indicator Example Chart
Here’s an example (CAD/CHF H1 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The CCI Cross Alert Arrows Indicator For MT4.
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy trade when the CCI Cross Alert indicator for MT4 paints a white arrow on the chart. The overall trend should be pointing upward, confirm the uptrend with a trend-following indicator.
Set stop loss 1-3 pips below short-term support, or use your own favorite SL method.
Exit long trade when the indicator draws a red colored CCI Cross buy arrow on the chart, or use your own favorite take profit method.
Sell Trigger: Open a sell trade when the CCI Cross Alert indicator for MT4 paints a red arrow on the chart. The overall trend should be pointing downward, confirm the downtrend with a trend-following indicator.
Set stop loss 1-3 pips above short-term resistance, or use your own favorite SL method.
Exit short trade when the indicator draws a white colored CCI Cross sell arrow on the chart, or use your own favorite take profit method.
Alternatively, close the sell or buy trade for a reward/risk ratio of 2.0 or better.
Download This Forex Indicator
Adjustable Parameters & Settings
Fast CCI, slow CCI, very slow CCI, trend CCI, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
The indicator can be deployed as a standalone trading system or strategy. It works well in range-bound market conditions.
It can also be combined with trend indicators (moving averages, Bollinger Bands,..), technical oscillators (RSI, MACD,..) and price action strategies.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: CCI signal
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.