The CCI with Moving Average Forex Channel Metatrader 4 indicator draws a tradable buy/sell channel on the chart that works for scalping and day trading pairs.
The main idea behind the channel is simple to understand.
- During an uptrend, enter long trade when price touches the lower channel band.
- During a downtrend, enter short trade when price touches the upper channel band.
After installation, the indicator will be loaded onto the activity chart.
Use it for quick scalping and day trading opportunities.
- In an uptrend, buy at the lower CCI-MA channel band.
- In a downtrend, sell at the upper CCI-MA channel band.
- Works for scalping and day trading.
Learn below how to open buy and sell trades with the CCI and Moving Average Forex Channel MT4 Indicator.
Indicator Example Chart
Here’s an example (EUR/USD H4 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 And Moving Average Forex Channel Indicator For MT4.
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: During an uptrending market (rising bands), open a buy trade when price touches the lower support band.
Set stop loss 1-3 pips below support, or use your own favorite SL method.
Exit long trade when the price touches the upper band, or use your own favorite take profit method.
Sell Trigger: During a downtrending market (falling bands), open a sell trade when price touches the upper resistance band.
Set stop loss 1-3 pips above resistance, or use your own favorite SL method.
Exit short trade when the price touches the lower band, or use your own favorite take profit method.
Download This Forex Indicator
Adjustable Parameters & Settings
CCI period 1, MA period 1, CCI period 2, MA period 2, 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 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: oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.