The CCI Forex signals histogram indicator for Metatrader 4 draws a real-time buy and sell trade histogram that is based on the popular CCI indicator.
The following colors are used for its buy and sell trends:
- A buy trend occurs when the histogram is colored blue.
- A sell trend occurs when the histogram is colored red.
The default CCI period is set to 14, but I prefer to set it to 50.
By doing so, the number of false buy and sell histogram signals decreases significantly.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
Free Download
Download the “iCCI_Advanced_Histo_v1.0.ex4” MT4 indicator
Indicator Chart (EUR/AUD D1)
The EUR/AUD daily chart below displays the CCI Forex signals histogram Metatrader 4 Forex Signals indicator in action.
Basic Trading Signals
Signals from the CCI Forex signals histogram MT4 indicator are easy to interpret and goes as follows:
Buy Signal: Go long when the CCI Forex Histogram signals indicator changes its colored bars from red to blue. The trend is now bullish.
Place a stop loss below support or use your own preferred SL method.
Take profit at an opposite sell signal or at a fixed profit target.
Sell Signal: Go short when the CCI Forex Histogram signals indicator changes its colored bars from blue to red. The trend is now bearish.
Place a stop loss above resistance or use your own preferred SL method.
Take profit at an opposite buy signal or at a fixed profit target.
CCI Signals + Waddah Attar Forex Scalping Strategy for MT4
This MT4 strategy combines the strength of the CCI Forex Signals Histogram and the Waddah Attar Scalping Indicator.
Together, they form a fast and reactive setup that suits traders who focus on short-term momentum shifts.
The CCI histogram shows the overall trend direction. A blue histogram indicates a bullish trend, while a red histogram signals bearish momentum.
The Waddah Attar indicator confirms the entry. A green histogram means a buy opportunity, and a red histogram means a sell opportunity.
This method works best on the M1 and M5 time frames. It is designed for active scalpers who prefer quick trades with well-defined entry and exit rules.
The strategy works because both indicators react rapidly to changes in price pressure. When they line up, momentum usually accelerates for several candles.
Buy Entry Rules
- The CCI Histogram must be blue to confirm a bullish trend.
- Waddah Attar Histogram must turn green to generate the buy signal.
- Enter as soon as both conditions appear on the same candle.
- Stop loss below the previous swing low.
- Take profit 8–12 pips on M1 charts and 15–25 pips on M5 charts.
Sell Entry Rules
- The CCI Histogram must be red to confirm a bearish trend.
- Waddah Attar Histogram must turn red to generate the sell signal.
- Enter the moment both indicators align.
- Stop loss above the previous swing high.
- Take profit 8–12 pips on M1 and 15–25 pips on M5 charts.
Advantages
- Clear visual confirmation with color-coded trend signals.
- Fast entries are ideal for short-term scalping.
- Works well on volatile currency pairs.
- Simple rules that can be applied consistently.
- Both indicators reduce hesitation by showing momentum strength.
Drawbacks
- Requires fast execution on M1 charts.
- Not suited for traders who dislike rapid market changes.
Example Case Study 1: EURUSD M1
During a London session breakout, the CCI Histogram turned blue after a short consolidation.
Two candles later, the Waddah Attar Histogram printed a strong green bar.
A buy entry was triggered immediately.
The stop loss was placed below the minor pullback.
Momentum increased quickly, and the price moved 14 pips within minutes.
The trade hit take profit without any retracement, showing how well the two indicators align during active market periods.
Example Case Study 2: GBPUSD M5
Later in the New York session, GBPUSD shifted into a downtrend.
The CCI Histogram changed to red first, showing early weakness.
Shortly after, the Waddah Attar Histogram printed a solid red bar, confirming the sell signal.
The entry was taken at the close of the candle.
The pair dropped steadily and produced a clean 22-pip move before slowing down.
The take profit target was reached while maintaining a favorable risk-to-reward ratio.
Strategy Tips
- Avoid trading when both histograms switch colors back and forth.
- Best results occur during the London and New York sessions.
- Use major pairs such as EURUSD, GBPUSD, or XAUUSD for stronger momentum.
- Do not chase late entries. Only take signals when both colors align instantly.
- Keep spreads in mind, especially when trading M1 charts.
- Stay out of the market during high-impact news releases.
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Download the “iCCI_Advanced_Histo_v1.0.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (period indicator, level trend up, level trend down) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: CCI
