As the name implies, the CCI/ATR Super Trend MT4 forex indicator is composed of CCI and ATR.
It draws an easy to understand buy/sell signal line together with fractals on the activity chart.
A buy signal occurs when the signal line changes color from red to green.
Vice versa, a sell signal occurs when the signal line changes color from green to red.
It displays the most current signal in the upper right corner of the chart.
The CCI/ATR Super Trend signals indicator can be used as a standalone technical tool or together with an oscillator.
The oscillator can help you pinpoint entry signals in the direction of the underlying trend as indicated by the CCI/ATR Super Trend indicator.
You can turn on/off the fractal green bullets. This can be done directly from the indicator’s inputs tab.
The indicator works for scalping (M1, M5), day trading (M15, M30) and swing trading (H1, H4, D1).
The GBP/USD daily chart below displays the CCI/ATR Super Trend Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the CCI/ATR Super Trend MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open buy trade position when the Super Trend signal line changes color from red to green.
Sell Signal: Open sell trade position when the Super Trend signal line changes color from green to red.
Trade Exit: Use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (Period CCI, Period ATR, Alert, Fractals) 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 3-bars-high-low-indicator.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)