All CCI Dashboard Metatrader 4 Forex Indicator
The All CCI Dashboard Metatrader 4 forex indicator displays CCI (Commodity Channel Index) for 7 different time frames.
Originally developed by Donald Lambert, CCI is a versatile technical trading indicator used in many forex strategies and systems.
The indicator can be applied to any trading instrument (forex, stocks, indices,..).
In forex, CCI is most commonly used to identify oversold and overbought market levels.
CCI surges above the +100 level could indicate the start of a new uptrend while plunges below the -100 level could signal the start a new downtrend.
The All CCI Dashboard indicator supports the following time frames: 15-minute, 30-minute, 1-hour, 4-hour, day, week and month.
Use the CCI indicator together with a trend following indicator and trade CCI signals in the direction of the underlying trend.
Trend up? Trade CCI when it moves back above +100 and ignore the -100 level.
Trend down? Trade CCI when it moves back below -100 and ignore the +100 level.
The default CCI period is set to 14 but can be adjusted to whatever period you need.
The EUR/USD 30-Minute chart below displays the All CCI Dashboard Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the All CCI Dashboard MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade position when CCI surges back above +100 from below.
Sell Signal: Open sell trade position when CCI plunges back below -100 from above.
Trade Exit: Close the open buy/sell trade when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (CCI period, Show higher time frames, Bars per time frame) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the all-cci-indicator.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)