Introduction to the CCI MTF Advanced Alerts Indicator
The CCI MTF Advanced Alerts Indicator displays blueish and reddish histogram bars based on the Commodity Channel Index (CCI), along with buy/sell arrows. What’s more, it’s an MTF indicator, meaning you can choose a custom time frame for provided signals.
The CCI MTF Advanced Alerts 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.
Example trade with the CCI MTF Advanced Alerts Indicator
Below is the screenshot of an example trade with the CCI MTF Advanced Alerts Indicator.
It’s better to enter trades, not at the color change, but when the histogram is already in a specific color. In the example trade above, the histogram was blue and bullish trade was triggered in the middle of blue histogram bars.
How to set up the CCI MTF Advanced Alerts indicator in MetaTrader (MT4)?
Download the CCI MTF Advanced Alerts.rar archive at the bottom of this post, unpack it, then copy and paste the CCI MTF Advanced Alerts.ex4 or CCI MTF Advanced Alerts.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 MTF Advanced Alerts 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 MT4 CCI MTF Advanced Alerts Indicator
To download the CCI MTF Advanced Alerts Indicator for Metatrader 4 (MT4) for free just click the button below: