CCI Channel Indicator

CCI Channel Indicator

CCI Channel Indicator generates the best forex & stock buy/sell signals in MetaTrader 4. Spots solid price swing levels, market high/lows, and breakout positions.

Categories: Trend, MT4, Oscillator, Channels

The CCI Channel Indicator is an automatic trend signal tool for MT4. It spots solid shifts in market momentums and generates real-time buy-sell signals. CCI, or the Commodity Channel Index, is best known for its technical support in identifying the trend continuation patterns. It also helps spot key price reversal/breakout positions when combined with solid support/resistance levels.

Our in-depth review suggests that the CCI Channel is an ideal indicator for MTF trend analysis. It suits any forex and stock chart in MT4 platforms, enabling you to explore and filter more quality trading signals. This guide will teach you how to detect bullish/bearish trends and solid buy/sell signals using the Indicator in MetaTrader 4 platforms.

How to trade forex and stocks by using the CCI Channel Indicator in MT4

In the above chart, GBP/USD initially plotted a lower high and rejected the horizontal resistance at 1.2611, indicating a further bearish move. At the same time, the CCI line started to fall from the higher channel and plotted a down-headed arrow confirming a sell signal. Once you go short, hold the position until the CCI line rebounds from the channel’s low.

For buy orders, wait until the indicator level starts moving upwards from the lower channel. The arrow pointing upwards signals an upcoming bullish move. In the above example, we’ve anticipated a buy order alert when the price rejected the support at 1.2468, and the indicator simultaneously delivered a bullish trend signal.

Apart from support/resistance levels, you can also combine indicator with RSI, MACD, and Stochastic oscillators for better trend confirmation.

Conclusion
The CCI Channel Indicator is super forex and stock buy-sell indicator that offers real-time day/intraday signals in MT4 charts. However, you may experience adverse results if you make the trading decisions solely depending on CCI signals during choppy markets. We’ve found the indicator works best with price-level tools like support/resistance, moving averages, and trend oscillators.