CCI MTF Oscillator Forex MT4 Indicator For Scalping & Day trading
The CCI MTF Oscillator indicator works on multiple time frames and is a good choice for scalpers and day traders.
After loading onto the chart, the indicator appears underneath the main MT4 trading chart.
For optimal performance, use in agreement with the overall trend.
- A CCI MTF oscillator value of +100 and rising indicates a strong uptrend.
- A CCI MTF oscillator value of -100 and falling indicates a strong downtrend.
- Good for scalping and day trading any MT4 instrument.
Learn below how to open buy and sell trades with the CCI MTF Oscillator MT4 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 MTF Oscillator Indicator For MT4.
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a long trade whenever the CCI MTF oscillator prints a value of +100 and the overall trend is upward.
Set stop loss below most recent support, or use your own favorite SL method.
Exit long trade for a reward/risk ratio of 2.0 or better, or use your own favorite take profit method.
Sell Trigger: Open a short trade whenever the CCI MTF oscillator prints a value of -100 and the overall trend is downward.
Set stop loss above most recent resistance, or use your own favorite SL method.
Exit sell trade for a reward/risk ratio of 2.0 or better, or use your own favorite take profit method.
Download This Forex Indicator
Adjustable Parameters & Settings
Periods, time frame, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
The indicator can’t be deployed as a standalone trading system or strategy.
Use together with trend indicators 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: oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.