The CCI With EMA Smoothed Forex Signals indicator For Metatrader 4 is an excellent trading signal crossover indicator that work for any pair and other MT4 instruments.
It works similar to the popular moving averages crossover systems but this one works with reduced lag.
It’s composed of the CCI indicator that works together with exponential moving averages (reacts faster to price movements).
After loading onto the chart, the indicator pops up on the main MT4 activity chart.
It’s an excellent signals indicator for beginners because of its simplicity!
- A buy trend occurs when the purple signal line crosses above the red signal line from below.
- A sell trend occurs when the purple signal line crosses below the red signal line from above.
- Works for any trade style and MT4 instrument.
Feel free to explore the CCI With EMA Smoothed Signals indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD M30 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The CCI With EMA Smoothed Signals MT4 Indicator
Buy Signal: Buy the currency pair whenever the purple signal line crosses the red signal line upward. This is your buy entry.
Place stop loss 3 pips below previous support low, or use your own favorite SL method.
Exit buy trade when an opposite signal gets triggered on the chart (sell), or use your own favorite take profit method.
Alternatively, close the buy trade for a reward/risk ratio of 2.0 or better.
Sell Signal: Sell the currency pair whenever the purple signal line crosses the red signal line downward. This is your sell entry.
Place stop loss 3 pips above previous resistance high, or use your own favorite SL method.
Exit sell trade when an opposite signal gets triggered on the chart (buy), or use your own favorite take profit method.
Alternatively, close the sell trade for a reward/risk ratio of 2.0 or better.
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EMA period, EMA method, EMA price, CCI period, CCI price, period smoothed, colors, width, style.
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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.