CCI (Commodity Channel Index) Indicator for Forex MetaTrader 4

The CCI (Commodity Channel Index) is a popular technical analysis indicator used by traders in the Forex market. Designed by Donald Lambert, the CCI is used to identify overbought and oversold conditions, as well as potential trend reversals.

With the CCI Indicator for Forex MetaTrader 4, traders can easily analyze price movements and make informed trading decisions. This powerful tool calculates the difference between the current price and its average over a specified period of time, and then normalizes it to provide a reading between -100 and +100.

Key Features of the CCI Indicator:

• Accurate Analysis: The CCI Indicator helps traders identify potential trend reversals and overbought/oversold conditions with high accuracy.
• Customizable Parameters: Traders can adjust the period and levels of the CCI Indicator to suit their trading strategies and preferences.
• User-Friendly Interface: The CCI Indicator is easy to understand and use, even for novice traders.
• Real-Time Alerts: Traders can set up alerts to be notified when the CCI Indicator reaches specific levels, allowing them to take timely actions.

How to Use the CCI Indicator:

Traders can use the CCI Indicator in various ways, such as:

• Identifying overbought and oversold conditions for potential reversals.
• Confirming the strength of a trend.
• Spotting divergences between the CCI Indicator and price movements.

By incorporating the CCI Indicator into their trading strategies, traders can gain valuable insights into market conditions and make more informed trading decisions in the Forex market.

Inputs

CCI Settings : —CCI Settings
CCI Period : 14
Applied Price : Typical price
Overbought : 0
Oversold : 0
Signal Types : —Signal Types—
Mark Buy/Sell Signals : Arrows
Arrow offset (pips) : 5
Up Color : 31.159.192
Down Color : 230.77.69
Alert Settings : –Buy/Sell Global Alert Settings——
Alert Buy? : true
Alert Sell? : true
Alert Shift : 1
Alert Mobile : false
Alert Onscreen : true
Alert Email : false