Introduction to the CCI Hull Indicator
The CCI Hull Indicator is, as the name suggests, a combination of Commodity Channel Index and Hull indicator. The Hull period is set to 14, and the CCI period is set to 50. As you can see, the signal line is either blue or orange. A blue line indicates bullish trend-momentum, and conversely, an orange line reflects bearish trend-momentum.
The CCI Hull Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the CCI Hull indicator in MT5?
Download the CCI Hull.rar archive at the bottom of this post, unpack it, then copy and paste the CCI Hull.ex5 or CCI Hull.mq5 indicator files into the MQL5 folder of the Metatrader 5 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL5 > Indicators (paste here).
Now go to the left side of your MT5 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The CCI Hull indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.
Download Free Forex MT5 CCI Hull Indicator
To download the CCI Hull Indicator for Metatrader 5 (MT5) for free just click the button below: