The CCI Divergence Alert indicator measures divergence between price and the CCI technical indicator.
Trading with the CCI divergence indicator is very easy and profitable.
It sends out pop-up alerts in real-time when divergence occurs between price and indicator.
For instance: Reverse bearish divergence on: EURUSD, at 1.2170.
This is an alert to sell the EURUSD pair at 1.2170
The indicator works for any MT4 instrument and time frame.
Key Takeaways
- Easy to trade divergence alerts between price and CCI.
- Instant pop-up divergence alerts for any instrument.
- Bullish and bearish CCI divergence arrows appear in a separate trading window.
Learn below how to open buy and sell trades with the CCI Divergence Alert Forex MT4 Indicator.
Free Download
Download the “cci-divergence.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (USD/JPY 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 Divergence Alert Forex Indicator For MT4.
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a bullish divergence buy trade when the pop-up alert message “Reverse bullish divergence on …” appears on your MT4 chart.
Set stop loss the most recent divergence low candlestick, or use your own favorite SL method.
Exit long trade when a bearish divergence alert message appears on the chart, or close the buy trade for risk/reward ratio 1.5 or better.
Sell Trigger: Open a bearish divergence sell trade when the pop-up alert message “Reverse bearish divergence on …” appears on your MT4 chart.
Set stop loss the above recent divergence high candlestick, or use your own favorite SL method.
Exit short trade when a bullish divergence alert message appears on the chart, or close the sell trade for risk/reward ratio 1.5 or better.
Download This Forex Indicator
Download the “cci-divergence.ex4” MT4 indicator
Adjustable Parameters & Settings
CCI period, positive sensitivity, negative sensitivity, display alert, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Usage
The indicator can be deployed as a standalone trading system or strategy.
It can also be combined with trend indicators, 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: divergence
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
