The CCI Signals Trigger MT4 indicator is an easy to follow buy and sell Forex indicator based on triple CCI.
The indicator combines a set of 3 CCI indicators with different values and a green trigger line.
The CCI Signals Trigger MT4 Forex indicator is best suited for scalping and day trading style during the most volatile trading sessions.
You can trade all kind of currency pairs with it: majors, cross pairs and exotics.
Key Takeaways
- All CCI indicators positioned above the green trigger line signals a buy trade.
- All CCI indicators positioned below the green trigger line signals a sell trade.
- Use on any currency pair and time frame.
Learn below how to open buy and sell trades with the CCI Signals Trigger Forex MT4 Indicator.
Free Download
Download the “cci-trigger-indicator.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (EUR/USD M30 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 Signals Trigger Forex 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 all colored CCI lines cross and close above the green trigger line from below.
Place stop loss below immediate support, or use your own favorite SL method.
Exit buy trade when an opposite signal arrives on the chart (all CCI lines below the green trigger line), or use your own favorite take profit method.
Sell Trigger: Open a sell trade when all colored CCI lines cross and close below the green trigger line from above.
Place stop loss above immediate resistance, or use your own favorite SL method.
Exit sell trade when an opposite signal arrives on the chart (all CCI lines above the green trigger line), or use your own favorite take profit method.
Download This Forex Indicator
Download the “cci-trigger-indicator.ex4” MT4 indicator
Adjustable Parameters & Settings
CCI period, main period, trigger period, colors, 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 for scalping and day trading any pair.
It can also be combined with trend indicators and 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: signal
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.