Mastering CCI Arrows: Your Go-To Indicator for MT5 Trading Success

CCI Arrows Indicator for MetaTrader 5 is a powerful tool designed to help you pinpoint when the Commodity Channel Index (CCI) crosses the zero line. It does this by marking these crucial moments with clear red and blue arrows, guiding you in your decisions to go long or short. With minimal lag and impressive accuracy, this straightforward indicator is perfect for traders who prefer a no-nonsense approach over complex systems. Plus, CCI Arrows is compatible with both MT4 and MT5, making it a versatile choice for any trader.

Input Parameters

• CCI_Period (default = 14) — This parameter determines the period of the CCI used in the indicator. A higher value may result in more lag but will provide fewer false signals.
• EnableNativeAlerts (default = false) — Set this to true to receive MetaTrader's built-in pop-up alerts whenever an arrow appears.
• EnableEmailAlerts (default = false) — If you want to receive email alerts when an arrow shows up, set this to true. Make sure your email settings are properly configured in MetaTrader under Tools->Options->Email.
• EnablePushAlerts (default = false) — Turn this to true if you’d like to receive push notifications on your device when an arrow is triggered. Ensure your notifications are set up correctly in MetaTrader via Tools->Options->Notifications.
• TriggerCandle (default = Previous) — Choose which candle to base alerts on: Previous for the last closed candle or Current for the ongoing one.

As illustrated, this indicator provides clear signals for buying (indicated by a blue arrow pointing up) and selling (shown by a red arrow pointing down). However, it’s crucial to remember that you should not enter a trade if the signal contradicts the prevailing trend. For example, in an uptrend, if you see a blue arrow, go long; but if a red arrow appears, do nothing—just close any long positions you have. Conversely, if in a downtrend and you spot a blue arrow, close your short position without going long; if a red arrow shows up, that’s your cue to go short. In a sideways market, feel free to act on either a blue or red arrow.

I recommend placing your stop-loss right at the level where the arrow appears, which you can see when you hover your mouse over it. This way, you can protect your capital while still taking advantage of these signals.