
CCI Custom Candles Indicator
Platform: MT4 Type: Pattern Last update: January 15, 2025The CCI Custom Candles Indicator for MT4 displays colorful candles directly on the trading chart. It simply puts an overlay over the regular bars (not all of them) reflecting the readings from the Commodity Channel Index. This form of display is friendly and provides quick signal recognition.
Green color represents bullish readings and red reflects bearish tendencies. It’s based on period value of 14, which is customizable. What’s more, one can define overbought and oversold levels.
Example charts:
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