The CCI MA X2 Smoothed MTF Forex indicator for MT4 can be categorized as a trend channel indicator that delivers straight forward buy & sell signals.
It’s composed of the CCI and Moving Average technical indicators.
Buying and selling currency pairs with this indicator is a straight forward task and goes as follows:
- Open a buy trade at the lower trend channel line if the trend channel is sloping upwards.
- Open a sell trade at the upper trend channel line if the trend channel is sloping downwards.
Close the open trade at the opposite trend channel line.
The CCI MA X2 Smoothed MTF indicator delivers multiple trade opportunities every day.
The indicator can be used for both trade entry and exit or to confirm trading signals issued by other trading systems or strategies.
For scalping and day trading purposes, the indicator tends to work the best during the London and American trading sessions on the M1, M5 and M15 charts.
Free Download:
Download the “cci-ma-x2-smoothed-mtf.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H4)
The example chart below displays the CCI MA X2 Smoothed MTF mt4 indicator in action on the trading chart.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method to trade with the CCI MA X2 Smoothed MTF indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend channel
Repaint? No.
Download Now:
Download the “cci-ma-x2-smoothed-mtf.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading.
The CCI MA X2 Smoothed MTF indicator is designed for the MT4 trading platform and can be deployed as a standalone technical analysis indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the cci-ma-x2-smoothed-mtf.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
