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Trend CCI Indicator

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Trend CCI Indicator

Trend CCI indicator for MT5 – is the best overbought and oversold MT5 indicator. Best MT5 Momentum and Trend reversal indicator.

The Trend CCI (Commodity Channel Index) indicator for MetaTrader is a customizable oscillatory tool that calculates momentum and also determines the direction of an asset’s trend. This is an intuitive indicator developed by integrating the CCI function with the Momentum Detector.

This indicator can be useful for determining the tendency of the market to trend, price reversal zones and asset momentum. This means that you can immediately get various technical information from the indicator.

The Trend CCI indicator shows potential bullish/bearish bias when the line is above/below the 0.00 level. In addition, the +250 and -250 lines are marked as overbought and oversold zones, where the price could reverse. Histogram bars, on the other hand, show the momentum (strength) of the price.

Moreover, the indicator can be used for various trading styles such as scalping, day/intraday and swing positions. It is also recommended for beginner, intermediate and advanced forex traders.

You can scalp a trade on lower timeframes (M30 and below). Conversely, a timeframe of H4 and above is highly recommended for daily/intraday and swing positions.

How to Trade With the Trend CCI Indicator

The screenshot above shows how the indicator will look on your MT5 chart. It also illustrates how to identify a high-probability trade setup/entry.

The Trend CCI indicator is not recommended to be used as a standalone entry/exit tool. It is best used in conjunction with price action/other technical indicators for greater effectiveness. This is because it (Trend CCI) is not isolated from false signals that can occur due to random movements in the market.

BUY and SELL signals: First, wait until the indicator line moves into the oversold zone (-250). Now also wait until the indicator line crosses the 0.00 center line. Under these conditions, you can open a BUY/LONG position after the price action (for example, blocking a bullish order, bullish engulfing, etc.) confirms the bullish move.

The above principle also applies to setting up a SELL setup and entry. You can also refer to the screenshot above for a better understanding of how to identify BUY/SELL signals.

Conclusion
The Trend CCI Indicator for MT5 is a dynamic trading tool for analyzing various market conditions. It has everything you need to improve your trading efficiency, which can ultimately lead to higher profits. Finally, you can download the indicator for free.

 

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