CCI Histogram Indicator MT4
- Indicadores
- Eda Kaya
- Versão: 1.3
CCI Histogram Indicator for MetaTrader 4
The CCI Histogram Indicator is a refined version of the Commodity Channel Index (CCI), tailored specifically for the MetaTrader 4 platform. It helps traders monitor price deviations and offers visual cues for identifying potential Buy and Sell signals across various financial markets.
«Indicator Installation & User Guide»
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CCI Histogram Specification Table
The table below summarizes the key attributes of the CCI Histogram Indicator:
Category | Volatile – Oscillator – Currency Strength |
Platform | MetaTrader 4 |
Skill Level | Intermediate |
Indicator Type | Range – Breakout |
Timeframe | Multi timeframe |
Trading Style | Intraday Trading |
Markets | All Markets |
Indicator Overview
The CCI Histogram calculates the difference between current prices and their historical averages over a set period. A positive deviation—when price exceeds the average—is shown with blue histogram bars. A negative deviation—when price is below average—appears as orange bars. Gray bars indicate a neutral or sideways market phase.
Uptrend Conditions
In the 1-hour XAU/USD (Gold) chart, a dip of the orange histogram below the -100 level followed by a rebound above it indicates an oversold condition. When the histogram crosses back above -100, it may be interpreted as a valid Buy signal, suggesting a potential upward trend.
Downtrend Conditions
On the 4-hour Nikkei 225 index chart, when the blue histogram rises above the +100 mark and then turns downward, it signals an overbought market. A drop back below +100 from this level is seen as a Sell signal, indicating a possible downward trend.
Indicator Settings
Below is an outline of the customizable parameters for the CCI Histogram Indicator:
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Chart Theme: Modifies the chart’s visual appearance
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CCI Period: Sets the calculation window for the CCI
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Neutral Period: Determines the range for neutral market conditions
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Lookback: Defines the number of historical candles analyzed
Conclusion
The CCI Histogram Indicator is a valuable tool for identifying overbought and oversold conditions as well as potential market reversals. Its clear visual cues make it especially useful in volatile market environments.