Trend Following Indicators, Free Forex Indicators (MT4)

CCI Signals MT4 Indicator

CCI Signals MT4 Indicator is an updated version of a much popular Forex indicator named Commodity Channel Index. It signals possible swing levels thus, the potential area of trend changes. Previously, reading CCI was a bit tougher and quite challenging for newbie swing traders. For this reason, developers have upgraded it in such a simple way that everybody will understand now what CCI Signals want to say about the market.

CCI Signals has especially been designed for scalping purposes thus, it best fits with lower timeframes like M5 or M15 charts but there is one great freedom that every user of CCI Signals can enjoy. That is, you’ll be able to use it to analyze any Forex currency pair available on the market.

CCI Signals Overview

Once you are done with the installation of CCI Signals at your Forex MT4 terminal, your trading chart will appear as the following image:

CCI Signals

CCI Signals focuses on simple deviations from an asset’s moving average price to spot possible divergences from regular trend cycles. Whenever it spots the potential swing area, it plots the signal with the up/down arrows to confirm the respective swing area. We recommend traders look for upward arrow/buy signals from the low and downward/sell signals from the high for a better trading outcome. You can even add it with your current swing trading strategy/setups to use it as a better trading filter.

CCI Based System: CCI Channel Trading Strategy

CCI Signals: Buy Parameters

CCI Signals Buying Signals
  • The price bar closes as a bullish candle at the current market low
  • CCI Signals plot upward arrow below the respective bullish candle
  • Buy triggers at the break of the signaling bar’s high
  • Set stop loss below the signaling arrow
  • Exit long/take profit whenever a downward arrow is plotted

CCI Signals: Sell Parameters

CCI Signals Selling Signals
  • The price bar closes as a bearish candle at the current market high
  • CCI Signals plot downward arrow above the respective bearish candle
  • Sell triggers at the break of the signaling bar’s low
  • Set stop loss above the signaling arrow
  • Exit short/take profit whenever an upward arrow is plotted

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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