CCI Histogram Indicator

CCI Histogram Indicator

CCI Histogram Indicator for MT4 Best Non-repaint MetaTrader forex trading indicator displaying BULLISH, BEARISH, and FLAT trends.

The CCI Histogram Indicator is based on the highly productive and result-oriented Metatrader indicator, the Woodies Commodity Channel Index (Woodies CCI). The indicator effectively displays three different market conditions as BULLISH, BEARISH, and FLAT in the histogram. As a non- repaint MT4 indicator, forex traders can rely on the trading signals. Furthermore, forex traders can easily incorporate it in any trend trading technical strategy. The color changes of the histogram provide BUY and SELL signals to forex traders.

The indicator can be applied to any timeframe and effective in all intraday and long-term forex trading strategies. Moreover, the indicator is easy to understand and free to download. The simplicity of the indicator is very useful for new forex traders and advanced technical forex traders.

CCI Histogram Indicator Trading Signals

The above EURUSD M30 chart shows the CCI Histogram. The indicator shows the BULLISH trend as BLUE color and the BEARISH trend in RED color. Additionally, the indicator displays the FLAT trend as DARK GRAY.

Forex traders can enter a BUY position once the CCI Histogram Indicator for MT4 appears in BLUE as it indicates the beginning of a BULLISH trend. Traders can place a stop-loss below the previous low. Forex traders can take advantage of the indicator’s capability to display the FLAT trend. The histogram changes to DARK GRAY color, indicating the weak uptrend or a FLAT trend; traders can exit the trading positions.

Oppositely, a RED color of the CCI Histogram Indicator for MT4 shows the commencement of a new BEARISH trend. Forex traders can enter a SELL position with stops above the previous high. Traders could hold the position until the histogram changes to DARK GRAY as it indicates a FLAT trend.

On the other hand, aggressive traders can ignore the FLAT trend change and exit and enter upon the histogram color change from BLUE to RED and vice versa. Forex traders can place the BUY, and SELL signals near the support and resistance lines for best results as these zones indicate a possible reversal. Since, the CCI Histogram is a non-repaint indicator, Technical forex traders can trade the signals in confluence with trendlines, channels, and breakout technical trading strategies. Additionally, the indicator signals can be easily programmed for auto trading.

Conclusion
The CCI Histogram Indicator for MT4 is the best Metatrader indicator for any trend trading technical strategy. Forex trend traders will mainly benefit from the indicator’s ability to identify the FLAT trend in addition to the BULLISH and BEARISH trends. As a result, the trading efficiency of a forex trader can be amplified significantly. Moreover, the BUY and SELL entry signals and the exit signals can be easily identified by traders visually. Additionally, the indicator is free to download and install.