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Schaff Trend Cycle + CCI Forex Indicator For MT5

    The Schaff Trend Cycle + CCI indicator for Metatrader 5 combines the Schaff oscillator with the Commodity Channel Index (CCI) and delivers solid trade entry and take profit signals.

    This indicator also includes a smoothing period for better trend prediction.

    The Schaff Trend Cycle + CCI should work great as a standalone tool for scalpers and day traders.

    Swing traders should trade with it in agreement with the longer-term trend.

    How do the buy/sell signals work?

    • A green colored signal line predicts a bullish trend.
    • A red colored signal line predicts a bearish trend.

    The indicator contains the following inputs and parameters: Schaff period, CCI period, smoothing period, and price.

    Make yourself familiar with this technical indicator and test it first on a demo account.

    It supports all time frames and Forex pairs.

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    Schaff trend cycle – CCI.mq5 Indicator (MT5)

    Chart Example

    The following chart shows how the Schaff Trend Cycle + CCI Forex indicator looks like when applied to the MT5 chart.

    How To Buy And Sell Forex Pairs With The Schaff Trend Cycle + CCI Indicator?

    Find a simple trading example below:

    Buy Signal

    • A buy signal is given when the green colored signal line gets displayed on the chart.
    • Open a buy transaction and place your stop loss below immediate support.
    • Close the buy trade for 7-15 pips profit, or wait for a sell signal.

    Sell Signal

    • A sell signal is given when the red colored signal line gets displayed on the chart.
    • Open a sell transaction and place your stop loss above immediate resistance.
    • Close the sell trade for 7-15 pips profit, or wait for a buy signal.

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    Schaff trend cycle – CCI.mq5 Indicator (MT5)

    Frequently Asked Questions

    How Do I Install This Custom Indicator On Metatrader 5?

    • Open the MT5 trading platform
    • Click on the File menu button located at the top left part of the platform
    • Click on Open Data Folder > MQL5 folder > Indicators
    • Copy the Schaff trend cycle – CCI.mq5 indicator file in the Indicators folder
    • Close and restart the trading platform
    • You will find the indicator here (Navigator window > Indicators)
    • Drag the indicator to the chart to get started with it!

    How Do I Edit This Indicator?

    • Click in the open chart with your right mouse button
    • In the dropdown menu, click on Indicator List
    • Select the indicator and click on properties
    • Now you can edit the inputs, colors, levels, scale and visualization
    • Finally click the OK button to save the new configuration
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