CCI Arrows MetaTrader indicator will mark the spot where the CCI crosses with zero (marking it using the red or arrow), to help you decide if you should go short or long. It is very accurate and has minimal lag. This indicator is great for traders who prefer simple indicators and don't like complex ones. This indicator is available in MT4 or MT5 formats.
CCI_Period -- The period of CCI used in this indicator. The greater the value, the more this indicator lags but there are fewer false signals.
How to trade using CCI Arrows indicator
This indicator shows you the direction of buy (red arrow pointed down) and sell (blue Arrow pointing up). If the signal contradicts the current trend, you should not enter the trade.
If the chart is in an uptrend, you should go long if you see a blue arrow. If you get a red or blue arrow, close your short position and don't go any further. If the chart moves sideways, you can go long or short if that happens.
Your stop-loss should be set at the point where the arrow is drawn. It can be seen if you point your cursor at it. This indicator can also be used as a trailing stop.
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How to download an indicator and how to install it
These steps will help you install the indicator onto your MT4/MT5 platform.
- At the bottom of your screen, click on the " download indicator" button.
- Save the file to your hard drive.
- Move the files to the MT5>Indicator directory in the MetaTrader4 software program file directory.
- Start your Metatrader platform.
- Navigate to " Indiators."
- To apply the "CCI Arrows" template, select it.
Note that This indicator has been created by a third-party. AtoZ Markets has no copyrights to this trading tool.
Do you need to use the CCI Arrows indicator by yourself?
This article will help you understand the basics of this indicator before you begin trading.
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Since 2015, his trading strategy which relies on non-linear dynamic model has earned him more than 65 000 pip profits. There are strong buy signals in several markets right now that you don't want miss.
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