Woodies CCI Arrow Indicator Download for MetaTrader 4 - Free - [TF Lab]

On July 6, 2025, in version 2, the indicator added alerts/notifications and signals functionality

The Woody CCI Arrow Indicator (WCA) is a MetaTrade4 oscillator based on the 14-period Commodity Channel Index ( CCI ) in MetaTrader 4 (MT4). The WCA indicator is a combination of several indicators, including the Commodity Channel Index (CCI) and LSMA .

When the CCI is in an uptrend for 6 candles, it appears in green; when the CCI is in a downtrend for 6 candles, it appears in red. A green arrow ( buy signal) appears on the chart when the candle closes above the LSMA indicator in WCA, and a red arrow ( sell signal ) appears when the candle closes below the LSMA indicator.

WCA Indicator Table

Bullish Signal in WCA Indicator

In the 1-hour chart of the USD/CHF currency pair, when the candle is above the oscillator line, the WCA indicator issues a buy signal based on the LSMA period setup. Additionally, with other confirmations such as the CCI histogram, traders can make better trading decisions on buy transactions.

Bearish Signal in WCI Indicator

In the 1-hour Ethereum chart, when the candle is below the oscillator line, the WCA indicator issues a sell signal based on the LSMA period setup. Additionally, with other confirmations such as the CCI histogram, traders can make better decisions for sell trades.

WCA indicator settings

• TrendCCI_Period: CCI Period Settings
• TrendPeriod: number of candles before trend formation
• LSMAPeriod: LSMA Period

Summary

The Woody CCI Arrow Indicator (WCA) helps traders identify strong price trends. This WCA MetaTrader4 indicator may be useful in price differences. When the CCI indicator remains above the 0 level after 6 candles, it indicates the strength of the trend for buyers , and when it falls below the 0 level, it indicates the strength for sellers .