The CCI channel trading is a trend -momentum following strategy that works intraday or swing.CCI channel arrows forex indicator oscillates between-145.44 and 178.51extreme values.A buy arrow will be painted when the Yellow CCI Line touches the Green Dotted Line.On the contrary,a sell arrow will be painted when the yellow CCI line touches the Red Dotted Line.
Trading Signals:
Buy :Blue colored arrow
Sell :Pink colored arrow
Indicator Preference:
Currency pairs: any
Time frame: any
Trading sessions:any
Configurable Indicator Options:
CCIPeriod(12),HighLowPeriod(13),T3Period(5),T3Hot(0.8),AlertsOn(true),AlertsOnCurrent(true),arrowsUpperGap(110),arrowsLowerGap(45)
Example:EUR/USD-H1:
How to use a custom indicator on your charts:
Step1: Dowload the mq4 file into your c:\Prom File\Meta Trader4\MQL4\Indicators
Step 2: Open your MT4
Step 3: Locate the Navigator Panel.
Step 4: On the Navigator ,find custom Indicators .
Step 5:Click Custom indicators ,and you should see your newly installed indicator.
Step 6:Double click the indicator and the Indicator Properties window will appear.
Step 7: Click OK.
Free Download:
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