The All Woodies CCI Dashboard Metatrader 4 forex indicator displays CCI Woodies in one convenient chart window for 9 different time frames.
All Woodies CCI consists of CCI, EMA, LSMA and a trend direction component.
The indicator oscillates above and below the zero mark.
Above its zero mark is bullish while below its zero mark is bearish.
A blue colored Woodies CCI histogram is considered to be bullish and traders look for buy trade opportunities.
A red colored Woodies CCI histogram is considered to be bearish and traders look for sell trade opportunities.
Moreover, the forex indicator gives you an handy overview of the overall trend.
- The overall trend is said to be upward when most Woodies CCI histograms are colored blue
- The overall trend is said to be downward when most Woodies CCI histograms are red blue
The EUR/USD 1-Hour chart below displays the All Woodies CCI Dashboard Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the All Woodies CCI Dashboard MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade position when the All Woodies CCI indicator crosses back above its zero mark from below (blue histogram). Verify the overall bullish trend.
Sell Signal: Open sell trade position when the All Woodies CCI indicator crosses back below its zero mark from above (red histogram). Verify the overall bearish trend.
Trade Exit: Close the open buy/sell trade when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (CCI period, Trend period, EMA period, LSMA period) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the all-woodies-cci.ex4 into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)