How to Add Commodity Channel Index Indicator on MetaTrader 4 Charts - Adding MT4 CCI Indicator

Step 1: Open Navigator Window Panel on Forex Trading Platform

Open Navigator window as shown & illustrated below: Go to "View" menu (click on it), then select "Navigator" window (click), or From Standard Tool Bar click the "Navigator" button or press keyboard short cut keys "Ctrl+N"

On Navigator window, select 'Technical Indicators', (DoubleClick)

How to Add Commodity Channel Index - CCI Indicator on MetaTrader 4 - MT4 Commodity Channel Index - CCI Technical Indicator

Step 2: Expand the Indicators Menu on the Navigator - Adding Commodity Channel Index - CCI MT4 Indicator

Expand the menu by clicking the expand button marker (+) or double click the "indicators" menu, after this the button will appear as (-) and will now display a list as shown below - select the Commodity Channel Index - CCI forex chart indicator from this list of forex indicators so as to add the Commodity Channel Index - CCI indicator on the forex chart.

How to Add Commodity Channel Index - CCI Forex Indicator - From the Above window you can then place Commodity Channel Index - CCI indicator that you want on the Forex chart

How to Add Custom Commodity Channel Index - CCI Indicator to MT4

If the technical indicator you want to add is a custom indicator - for example if the Commodity Channel Index - CCI technical indicator you want to add is a custom indicator you will need to first add this custom Commodity Channel Index - CCI indicator on the MetaTrader 4 platform & then compile custom Commodity Channel Index - CCI indicator so that the newly added Commodity Channel Index - CCI custom indicator pops up on the list of custom indicators in MetaTrader 4 software.

To learn how to install Commodity Channel Index - CCI indicators on MT4, how to add Commodity Channel Index - CCI indicator window to MT4 and how to add Commodity Channel Index - CCI custom indicator in MT4 - How to add a custom Commodity Channel Index - CCI indicator in MetaTrader 4.

About CCI Technical Indicator Explained

Commodity Channel Index (CCI) Technical Analysis and CCI Signals

Developed by Donald Lambert

The Commodity Channel Index measures the variation of a commodity price from its statistical mean/statistical average.

This indicator is an oscillator which oscillates between high levels & low levels

When the CCI is high it shows that price is unusually high compared to the its average.

When the CCI is low it shows that price is unusually low compared to the its average.

Forex Technical Analysis & How to Generate Signals

Overbought/ Oversold Levels

The CCI typically oscillates between ±100.

Indicator values above +100 indicate an overbought conditions and an impending market correction.

Indicator values below -100 indicate an oversold conditions and an impending market correction

Buy Forex Signal

If the Commodity Channel Index indicator is over-sold, areas below -100, then there's a pending market correction.

Over-sold levels will remain intact until Commodity Channel Index technical indicator starts to move above -100.

When price starts moving above -100 then that is interpreted as a buy.

The Commodity Channel buy signal should be combined with a trendline break signal to confirm the buy.

Buy Trade

Sell Trading Signal

If the Commodity Channel Index is over bought, zones above +100, then there is a pending market correction.

Overbought areas will remain intact until CCI indicator starts to move below +100.

When price starts moving below +100 then that is a interpreted as sell.

This Commodity Channel sell signal should be combined with a trendline break signal to confirm the sell.

Sell Trade

Forex Divergence FX Trading

Bullish Forex Trading Divergence Setup

Bullish divergence forms when price is making new lows while the CCI technical indicator is failing to surpass its previous low.

This is a bullish trading signal because the divergence will be followed by an upwards market correction.

Bearish FX Trading Divergence

Bearish Divergence forms when price is making new highs while the CCI indicator is failing to surpass its previous high.

This is a bearish trading signal because the divergence will be followed by a downward market correction.

Technical Analysis in Forex Trading