The JMA CCI indicator for Metatrader 4 is a momentum type technical indicator that can be used for both trade entry and exit.

The indicator works the best for scalpers and day traders during the London and American trading sessions.

Buy & sell signal:

  • A new buy signal is given when the JMA CCI indicator reaches a bottom and the underlying trend is upward.
  • A new sell signal is given when the JMA CCI indicator reaches a top and the underlying trend is downward.
  • Exit the trade for a fixed profit target. For instance 10 -15 pips profit target on the 5- minute chart.

From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.

It can be used as a standalone technical tool or it can be combined with other technical indicators and trading strategies.

Try first on a demo account until you fully understand how this indicator works!

Free Download

Download the jma-cci-indicator.mq4 indicator file (MT4)

Indicator Chart Example

The picture above shows the indicator attached to the Euro / U.S. Dollar technical chart.

How to install the JMA CCI Forex indicator to your Metatrader 4 platform?

  • Download the jma-cci-indicator.mq4 indicator file here and save it to your computer
  • Open your Metatrader 4 platform
  • Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
  • Click on “MQL4” and open the “Indicators” folder
  • Paste the indicator file in this folder
  • Restart Metatrader 4 and you’re ready to start using the indicator

How to edit the indicator?

  • Attach the indicator to any trading chart of your preference
  • Right click in the chart and select “Indicators List” from the drop down menu
  • Select the indicator from the list and click on “Edit”
  • Now you can start editing the indicator (Inputs, Colors and Visualization)
  • Final step, click on the “OK” button to save the new configuration