The CCI T3 Forex indicator is based on CCI and the popular T3 indicator.
This powerful combination finds high probability divergence signals between price and indicator.
To make it even easier for you, the CCI T3 indicator draws buy and sell divergence arrows on the MT4 chart.
You can trade all kind of currency pairs with it: majors, cross pairs and exotics.
Key Takeaways
- A green CCI T3 divergence arrow suggests that the price will reverse to bullish from bearish.
- A red CCI T3 divergence arrow suggests that the price will reverse to bearish from bullish.
- Use on any currency pair and time frame.
Learn below how to open buy and sell trades with the CCI T3 Divergence Forex MT4 Indicator.
Free Download
Download the “cci-t3-divergence-indicator.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (EUR/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 T3 Divergence 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 divergence trade whenever the CCI T3 Forex indicator draws a green arrow on the chart.
Place stop loss below short-term support, or use your own favorite SL method.
Exit buy trade when an opposite red divergence arrow appears on the chart, or use your own favorite take profit method.
Alternatively, close the divergence buy trade for a fixed take profit, for instance, +20 pips on the M5 chart.
Sell Trigger: Open a sell divergence trade whenever the CCI T3 Forex indicator draws a red arrow on the chart.
Place stop loss above short-term resistance, or use your own favorite SL method.
Exit sell trade when an opposite green divergence arrow appears on the chart, or use your own favorite take profit method.
Alternatively, close the divergence sell trade for a fixed take profit, for instance, +30 pips on the M15 chart.
Download This Forex Indicator
Download the “cci-t3-divergence-indicator.ex4” MT4 indicator
Adjustable Parameters & Settings
CCI period, CCI price, T3 period, T3 hot, T3 original, CCI hot level, 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 (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: divergence
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
