Digital CCI Filter Metatrader 4 Forex Indicator

The Digital CCI Filter Metatrader 4 Forex Indicator is a great signals oscillator based on the CCI indicator that works with a digital filter.

The indicator oscillates above/below its zero level and provides the short-term trend for any pair.

It’s recommended to combine the Digital CCI MT4 Filter indicator with other trading tools to its overall improve performance.

For instance, it works excellent when combined with a 200 Simple Moving Average.

When the overall trend is upward, only trade the positive crossover signals from the Digital CCI MT4 Filter indicator.

Vice versa, when the overall trend is downward, only trade the negative crossover signals from the Digital CCI MT4 Filter indicator.

Key Takeaways

  • A short-term buy signal occurs when the Digital CCI MT4 Filter indicator crosses back above its zero level from below.
  • A short-term sell signal occurs when the Digital CCI MT4 Filter indicator crosses back below its zero level from above.
  • Works best for scalping and day trading during the London and US trading sessions.

Feel free to explore the Digital CCI Filter Forex indicator’s different parameters and settings to create your own personalized indicator setup.

Download This MT4 Forex Indicator Free

Download the “digital-cci-filter-indicator.ex4” Metatrader 4 indicator

Indicator Example Chart (EUR/USD H1 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 Digital CCI Filter Forex MT4 Indicator

Buy Signal: Open a buy trade when the red signal line crosses back above the 0.00 level from below.

Place stop loss below short-term support, or use your own favorite SL method.

Exit the buy trade when the red signal line crosses back below the 0.00 level, or use your own favorite take profit method.

Alternatively, use a fixed profit target to close the buy trade.

Sell Signal: Open a sell trade when the red signal line crosses back below the 0.00 level from above.

Place stop loss above short-term resistance, or use your own favorite SL method.

Exit the sell trade when the red signal line crosses back above the 0.00 level, or use your own favorite take profit method.

Alternatively, use a fixed profit target to close the sell trade, for example, aim for 15 pips profit on the M5 chart.

Download This Forex Indicator Now

Download the “digital-cci-filter-indicator.ex4” MT4 indicator

Adjustable Parameters

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: trend

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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