The Colored CCI Histogram bar indicator for Metatrader 4 provides easy to trade Forex signals based on the CCI indicator.
After installation, the indicator will be loaded in a separate MT4 window below the main chart.
It’s a triple colored histogram indicator that provides CCI buy and sell signals.
Use it for scalping, day trading and swing trading.
Key Takeaways
- A blue colored CCI histogram bar represents a buy trade opportunity.
- A red colored CCI histogram bar represents a sell trade opportunity.
- A gray bar suggests that the market is trading range-bound or flat.
Learn below how to open buy and sell trades with the Colored CCI Histogram Forex MT4 Indicator.
Free Download
Download the “cci-histogram.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (EUR/USD M15 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 Colored CCI Histogram 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 the first blue CCI Histogram bar appears on the chart.
Set stop loss below immediate support, or use your own favorite SL method.
Exit long trade when the CCI histogram indicator draws the first red CCI histogram on the chart, or use your own favorite take profit method.
Sell Trigger: Open a sell trade when the first red CCI Histogram bar appears on the chart.
Set stop loss above immediate resistance, or use your own favorite SL method.
Exit short trade when the CCI histogram indicator draws the first blue CCI histogram on the chart, or use your own favorite take profit method.
Download This Forex Indicator
Download the “cci-histogram.ex4” MT4 indicator
Adjustable Parameters & Settings
A period, B period, neutral, number of bars, color, 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: oscillator
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
