CCI MTF Advanced Alerts Forex Scalper MT4 Indicator
The CCI MTF indicator for Metatrader 4 delivers rapid signals on the chart that work for scalping any pair.
This advanced CCI indicator works on multiple time frame analysis for improved performance.
CCI MTF works with the +100 and -100 extreme values by default.
It delivers buy/sell arrow signals on the main chart and draws a dual colored histogram underneath the activity chart.
- An Aqua colored arrow represents a buy scalper trade.
- A Red colored arrow represents a sell scalper trade.
- Good for scalping currency pairs.
After installation, the indicator will be loaded onto the activity chart.
Learn below how to open buy and sell trades with the CCI MTF Forex Scalper MT4 Indicator.
Indicator Example Chart
Here’s an example (AUD/USD 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 MTF Forex Scalper 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 MTF scalper paints an aqua buy arrow on the chart.
Set stop loss just below short-term support, or use your own favorite SL method.
Exit long trade when the indicator paints a red opposite arrow on the chart, or use your own favorite take profit method.
Sell Trigger: Open a sell trade when the CCI MTF scalper paints a red sell arrow on the chart.
Set stop loss just above short-term resistance, or use your own favorite SL method.
Exit short trade when the indicator paints an aqua opposite arrow on the chart, or use your own favorite take profit method.
Download This Forex Indicator
Adjustable Parameters & Settings
CCI period, CCI price, oversold, overbought, smooth length, smooth phase, 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 can also be combined with technical oscillators 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: MTF scalping
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.