Introduction to the CCI MA X2 Smoothed MTF Indicator
The CCI MA X2 Smoothed MTF indicator is a custom forex indicator based on Channel Commodity Index (CCI) and Moving Average. This is a multi time frame indicator.
That gauge falls into the trend-following indicators family.
When the white lines are aligned above the green lines, the trend is considered bullish. Similarly, when the white lines are aligned below the green lines, the trend is considered bearish.
It fits all kinds of timeframes and currency pairs.
The indicator is displayed directly on 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 MA X2 Smoothed MTF indicator in MT4?
Copy and paste the cci-ma-x2-smoothed-mtf.ex4 or cci-ma-x2-smoothed-mtf.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
The CCI MA X2 Smoothed MTF indicator is well worth adding to your trading collection but 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.
CCI MA X2 Smoothed MTF Indicator Free Download
To download the CCI MA X2 Smoothed MTF Indicator for Metatrader 4 (MT4) for free just click the button below: