The Double CCI With SMA Forex Trend MT4 Indicator is a super trend-following indicator based on 2 CCI and a simple moving average.
The indicator appears in a sub-window underneath the main activity chart as a colored buy/sell histogram.
The buy/sell signals from this indicator are really easy to follow, even for beginners.
Expect a winning rate of 70-80% with it.
It can be traded as a standalone trend indicator or used together with other technical indicators and price action techniques.
Just load the Double CCI With SMA indicator onto the Metatrader 4 chart and start trading with it in minutes.
- A buy trend occurs when the Double CCI With SMA Forex indicator prints green bars on the chart.
- A sell trend occurs when the Double CCI With SMA Forex indicator prints red bars on the chart.
- Utilize on any currency pair and time frame of your preference.
- Good win rate.
Feel free to explore the Double CCI With SMA Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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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 Double CCI With SMA MT4 Forex Indicator
Buy Signal: Execute a buy trade when the Double CCI with SMA histogram changes its color from red to green. This is a new buy signal.
Set your stop loss below support or nearest consolidation, or use your own favorite stop loss method.
Close the buy trade whenever the histogram color changes back from green to red (sell signal), or use your own favorite take profit method.
Sell Signal: Execute a sell trade when the Double CCI with SMA histogram changes its color from green to red. This is a new sell signal.
Set your stop loss above resistance or nearest consolidation, or use your own favorite stop loss method.
Close the sell trade whenever the histogram color changes back from red to green (buy signal), or use your own favorite take profit method.
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Trend CCI, entry CCI period, trend period, SMA period, automatic time frame setting, zero cross alert, 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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.