About the CCI Woodies Forex Indicator
The CCI Woodies Forex Indicator for MT4 is a powerful momentum-based trading tool derived from the Commodity Channel Index (CCI).
Unlike the standard CCI indicator, the Woodies version adds a visual twist by color-coding CCI bars and highlighting momentum changes.
This makes it easier for traders to spot trend reversals and continuation signals, especially in fast-moving markets.
The indicator works well across all timeframes and currency pairs, making it suitable for both scalping and swing trading strategies.
It gets displayed in a separate MT4 chart window as two colored signal lines.
Buy & sell signal
- A buy signal occurs as soon as the blue CCI Woodies signal line crosses the red line upwards.
- A sell signal occurs as soon as the red CCI Woodies signal line crosses the blue line upwards.
Key Features of the CCI Woodies Indicator
- Visual CCI histogram bars with color-coded momentum shifts
- Zero-line crossover signals for entry confirmation
- Detects trend direction and strength
- Compatible with all timeframes (M1–D1)
- Ideal for momentum and trend-following strategies
Free Download
Download the “CCI_Woodies.mq4” indicator for MT4
Benefits of Using the CCI Woodies MT4 Indicator
- Helps identify early trend changes with visual clarity
- Reduces subjectivity by offering color-coded signals
- Works well when combined with trend filters or moving averages
- Enhances timing for both entries and exits
Indicator Example Chart (EUR/USD Daily)
The chart below demonstrates how the CCI Woodies Indicator reacts during volatile and trending market conditions, providing clear signals for traders.
How to Trade Using the CCI Woodies Indicator
Buy Entry
- Wait for the blue histogram line to cross back above the red line.
- Confirm the signal using a trend filter like a moving average or Rainbow MA.
- Enter a buy trade
Sell Entry
- Wait for the blue histogram line to cross back below the red line.
- Confirm with a bearish trend filter.
- Enter a sell trade
Stop Loss & Take Profit
- Stop loss: Set just below the recent swing low (for buys) or above the swing high (for sells).
- Take profit: Use 2x risk-reward or exit on opposite signal.
Pros
- Simple to understand and visually intuitive
- Effective on lower and higher timeframes
- Combines momentum and trend detection
Cons
- May give false signals in ranging markets
- Best used with confirmation indicators
Download Now
Download the “CCI_Woodies.mq4” indicator for Metatrader 4
CCI Woodies + Gaussian Rainbow MA Metatrader 4 Strategy
What is this strategy about?
This strategy combines the momentum clarity of the CCI Woodies MT4 Indicator with the dynamic trend-filtering of the Gaussian Rainbow MA.
The goal is to trade in the direction of the dominant trend while timing entries based on CCI histogram shifts.
Buy Rules
- Gaussian Rainbow MA lines are stacked upward, showing an uptrend
- CCI Woodies lines: blue above the red line (uptrend)
- Enter long on the close of the confirmation bar
Sell Rules
- Gaussian Rainbow MA lines are aligned downward
- CCI Woodies lines: blue below the red line (downtrend)
- Enter short on the close of the confirmation bar
Stop Loss and Take Profit
- Stop loss: 15-25 pips below/above the swing low/high
- Take profit: 2:1 risk-reward or exit when the opposite CCI signal appears
Case Study 1: USD/CHF M15 Chart Analysis (Sample Period)
- Total Signals: 68 trades
- Winning Trades: 46 (67.6%)
- Average Win: +32 pips
- Average Loss: -15 pips
- Net Result: +692 pips over the testing period
Case Study 2: EUR/JPY H1 Chart Analysis (Sample Period)
- Total Signals: 38 trades
- Winning Trades: 25 (65.8%)
- Average Win: +62 pips
- Average Loss: -28 pips
- Net Result: +606 pips over the testing period
Strategy Advantages
- Combines short-term signals with long-term trend filters
- High win rate in trending environments
- Adaptable to different timeframes
Strategy Drawbacks
- Requires the market trend to be strong for optimal results
- Not ideal during sideways price action
Conclusion and Tips
This CCI Woodies and Gaussian Rainbow MA strategy offers a balanced approach to trading — filtering trades in the direction of the trend while capitalizing on momentum shifts.
For best results, avoid flat markets and always test the setup in a demo account first.
Combine with price action for even more precise entries.
Indicator Specifications
| Indicator | CCI Woodies |
|---|---|
| Platform | MetaTrader 4 |
| Timeframes | All (M1–D1) |
| Inputs | CCI Period, Zero Line Color, Histogram Color, Alert Options |
FAQ
Is the CCI Woodies Indicator free to download?
Yes, it is 100% free to download and use on MetaTrader 4.
Can I use this on multiple timeframes?
Absolutely. The indicator works across M1 to Daily charts.
Does this indicator repaint?
No, the CCI Woodies does not repaint once the bar closes.
Final Words
The CCI Woodies Indicator for MT4 offers traders a unique visual edge in spotting trend shifts and momentum changes.
Combined with a reliable filter like the Gaussian Rainbow MA, this setup can help you capture consistent pips in trending markets.
Download both indicators now and start testing this strategy today.
