CCI Arrows (Arrows CCI) MT4 indicator - shows you where the intersection of the standard indicator CCI with zero (marking the place of red or blue arrow) to help you decide in which direction to open position - up or down. He is the minimum delay and a relatively high accuracy. This simple indicator - a good choice for traders who prefer to sell as simple as possible and do not like complex indicators.
Input parameters:
* CCI_Period (default = 14) - a standard indicator between CCI, which is used here. The higher this number, the greater the delay indicator and the fewer false signals occur.
As you can see, this indicator provides a direct signal to buy (blue arrow points up) and for sale (red arrow points down). Do not enter the position when the signal is contrary to the general trend. If you are bullish trend, and you got the blue arrow - buy, if you got the red - not to sell, but then close a long position if the trend is now bearish, and you got a red arrow - to sell, if you get the blue - do not buy, but close the short position, if now No trend - open positions in any direction, depending on the arrow. I recommend setting your stop-loss at the level where the drawn arrow (you can find out its exact numerical value, roll your mouse over). I also recommend to use the tracking stop (trailing stop) to the positions opened by means of an indicator.
Download:
CCI Arrows in. Zip
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