The Tipu CCI MT4 forex indicator is very useful to generate short-term signals in the direction of the overall trend.
It plots a CCI histogram in a subwindow below the main activity chart, blue for bullish short-term price movement and red for short-term bearish price movement.
This indicator provides you with the option (from the input tab) to display buy and sell arrows generated by CCI directly on the main trading chart.
How it works?
Blue arrows will appear when CCI crosses from below 0.00 to back above (short-term bullish).
Red arrows will appear when CCI crosses from above 0.00 to back below 0.00 (short-term bearish).
Tipu CCI works best together with a trend indicator, for example, moving averages, Bollinger Bands, ADMI,…
Free Download
Download the “Tipu CCI.mq4” MT4 indicator
Indicator Chart (EUR/USD H4)
The EUR/USD H4 chart below displays the Tipu CCI forex indicator in action.
Basic Trading Signals
Signals from the Tipu CCI indicator are easy to interpret and goes as follows:
Buy Trade: Open buy order when Tipu CCI crosses back above 0.00 from below (first blue bar).
Sell Trade: Open sell order when Tipu CCI crosses back below 0.00 from above (first red bar).
Exit Trade: Close trades at an opposite signal, or use your own preferred exit method.
Tip: Use Tipu CCI with a trend-following indicator and trade only in the direction of the trend.
Bullish trend direction? Trade Tipu CCI buy signals, avoid sell signals.
Bearish trend direction? Trade Tipu CCI sell signals, avoid buy signals.
Tipu CCI & SuperTrend MTF Indicator Forex Day Trading Strategy MT4
This MT4 day trading strategy combines momentum confirmation from the Tipu CCI Commodity Channel Index Metatrader 4 Forex Indicator with trend direction from the SuperTrend MTF Forex Signal Indicator MT4.
The Tipu CCI generates clear signals: a buy trade occurs when the CCI crosses back above 0.00 from below (first blue bar), and a sell trade occurs when it crosses below 0.00 from above (first red bar).
The SuperTrend MTF line confirms the prevailing trend, with green indicating bullish momentum and red indicating bearish momentum.
Combining these two indicators helps traders identify high-probability day trading setups on multiple timeframes.
This strategy works well on M5, M15, and H1 charts, making it flexible for scalping or slightly longer intraday trades.
It is ideal for traders who prefer clear entries and exits, with a combination of momentum and trend confirmation to filter out low-quality trades.
Buy Entry Rules
- Confirm the trend with the SuperTrend MTF indicator: the line must be green, indicating a bullish trend.
- Wait for the Tipu CCI histogram to cross back above 0.00 from below.
- Enter a buy trade immediately when the first blue bar appears while the SuperTrend is green.
- Place the stop loss below the most recent swing low or minor support level.
- Close the trade when the SuperTrend line turns red or the Tipu CCI crosses below 0.00.
Sell Entry Rules
- Confirm the trend with the SuperTrend MTF indicator: the line must be red, indicating a bearish trend.
- Wait for the Tipu CCI histogram to cross back below 0.00 from above.
- Enter a sell trade immediately when the first red bar appears while the SuperTrend is red.
- Place the stop loss above the most recent swing high or minor resistance level.
- Close the trade when the SuperTrend line turns green or the Tipu CCI crosses above 0.00.
Advantages
- Combines trend and momentum for high-probability day trading setups.
- Clear entry & exit signals reduce hesitation and improve trade timing.
- Flexible across multiple timeframes: M5, M15, and H1.
- Helps avoid countertrend trades by confirming trend direction.
- Works well on multiple currency pairs, providing consistent intraday opportunities.
Drawbacks
- Small stop losses are sensitive to short-term volatility.
- False CCI crossings can occur during choppy or sideways markets.
- Trend reversals can lead to early exits if relying only on the SuperTrend color change.
- Performance can be reduced during low liquidity or outside major trading sessions.
Case Study 1
On EURUSD M5 during the London session, the SuperTrend MTF line was green, confirming a bullish trend.
The Tipu CCI crossed back above 0.00, generating a buy signal.
A buy trade was entered with a stop loss below the recent swing low.
Price moved upward steadily, and the trade was closed when the SuperTrend line turned red, netting 15 pips.
Case Study 2
On GBPJPY M15 during the New York session, the SuperTrend line was red, indicating bearish momentum.
The Tipu CCI crossed below 0.00, signaling a sell.
A sell trade was executed with a stop loss above the recent swing high.
Price declined steadily, and the trade was closed when the SuperTrend line turned green, capturing 42 pips.
Case Study 3
On AUDUSD H1 during the London session, the SuperTrend line was green, confirming a bullish trend.
The Tipu CCI crossed above 0.00, signaling a buy.
A trade was entered with a stop loss below the most recent swing low.
Price rallied steadily, and the trade was closed when the SuperTrend line turned red, netting 67 pips.
Strategy Tips
- Only take trades when the Tipu CCI signal aligns with the SuperTrend MTF trend to ensure higher probability setups.
- Focus on high liquidity sessions for smoother price action and cleaner signals.
- Skip trades during sideways or low volatility periods, as signals may be unreliable.
- Use tight stop losses appropriate to the timeframe and volatility for effective risk management.
- Close trades promptly when either the Tipu CCI crosses the 0.00 line in the opposite direction or the SuperTrend changes color.
Download Now
Download the “Tipu CCI.mq4” MT4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (CCI Settings, CCI Period, Applied Price, Overbought, Oversold, Signal Types, Alert Mobile, Alert Onscreen, Alert Email) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Oscillator
